'Verizon is fiercely committed to diversity and inclusion across all spectrums,' says CEO

The telecoms giant has pledged $10 million to social justice and equality organizations.

Verizon has committed $10 million to fight racial injustice and inequality as protests continue to erupt in America around the killing of George Floyd.

"The events unfolding across the country that are rooted in hate are contradictory with our beliefs as a company and leave me with a feeling of regret and sadness," said Hans Vestberg, Verizon chairman and CEO. "Verizon is fiercely committed to diversity and inclusion across all spectrums because it makes us and the world better."

Vestberg added: "I am hopeful that the rest of the country will come to understand that valuing everyone equally is the best way forward. We cannot commit to a brand purpose of moving the world forward unless we are committed to helping ensure we move it forward for everyone. We stand united as one Verizon."

The $10 million commitment from the Verizon Foundation will be distributed equally among these organizations:

  • The National Urban League, a historic civil rights organization dedicated to economic empowerment, equality, and social justice.
  • The National Association for the Advancement of Colored People  (NAACP), whose mission is to secure the political, educational, social, and economic equality of rights in order to eliminate race-based discrimination and ensure the health and well-being of all persons.
  • National Action Network, a leading civil rights organization in the nation.
  • Leadership Conference for Civil and Human Rights, a coalition of more than 200 diverse national organizations whose mission is to promote and protect the civil and human rights of all people.
  • Rainbow Push Coalition, a multi-racial, multi-issue, progressive, international membership organization fighting for social change.
  • National Coalition on Black Civic Participation, dedicated to increasing civic engagement and voter participation in Black and underserved communities.
  • NAACP Legal Defense and Educational Fund, a leading legal organization fighting for racial justice.

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