VERIZON FOUNDATION CONTRIBUTES $200,000
TO HSF SCHOLARSHIP PROGRAM

This grant will make college a reality for Hispanic students

San Francisco, Ca August 2008- The Hispanic Scholarship Fund (HSF), the nation’s preeminent organization supporting Hispanic higher education, announced that it has received a $200,000 grant from the Verizon Foundation. This contribution will support the HSF/Verizon Foundation High School and College Scholarship Programs.

The HSF/Verizon Foundation High School Scholarship Program funds exceptional graduating high school seniors who plan to attend a four-year university. The HSF/Verizon Foundation College Scholarship Program assists outstanding Latino college students during their college career. Programs like the HSF/Verizon Foundation High School and College Scholarship Programs help diminish the financial pressures these students face.

About Verizon Foundation
Since the year 2000, the Verizon Foundation has invested nearly $1.5 million in the Hispanic Scholarship Fund. The Verizon Foundation, the philanthropic arm of Verizon Communications, is committed to improving literacy and K-12 education; fostering awareness and prevention of domestic violence; and promoting the use of technology in health-care delivery.  In 2006, the Verizon Foundation awarded more than $69 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched charitable donations from Verizon employees and retirees, resulting in $29 million in combined contributions. For more information on the foundation, visit www.verizon.com/foundation.