VERIZON POLITICAL CONTRIBUTIONS JANUARY – DECEMBER 2012 1 Verizon Political Contributions January – December 2012 A Message from Craig Silliman Verizon is affected by a wide variety of government policies ‐‐ from telecommunications regulation to taxation to health care and more ‐‐ that have an enormous impact on the business climate in which we operate. We owe it to our shareowners, employees and customers to advocate public policies that will enable us to compete fairly and freely in the marketplace. Political contributions are one way we support the democratic electoral process and participate in the policy dialogue. Our employees have established political action committees at the federal level and in 20 states. These political action committees (PACs) allow employees to pool their resources to support candidates for office who generally support the public policies our employees advocate. This report lists all PAC contributions, corporate political contributions, support for ballot initiatives and independent expenditures made by Verizon in 2012. The contribution process is overseen by the Corporate Governance and Policy Committee of our Board of Directors, which receives a comprehensive report and briefing on these activities at least annually. We intend to update this voluntary disclosure twice a year and publish it on our corporate website. We believe this transparency with respect to our political spending is in keeping with our commitment to good corporate governance and a further sign of our responsiveness to the interests of our shareowners. Craig L. Silliman Senior Vice President, Public Policy 2 Verizon Political Contributions January – December 2012 Political Contributions Policy: Our Voice in the Political Process What are the Verizon Good Government Clubs? and the government agencies administering the federal and individual state election laws. These The Verizon Good Government Clubs (GGCs) exist rules and regulations govern many aspects of the to help the people of Verizon participate in contributions process including the setting of America’s electoral process and support the public monetary contribution limitations and the policies important to our future as a company. establishment of periodic reporting requirements. Through the GGCs, employees voluntarily join Verizon strictly follows all state and federal together to contribute to political campaigns and reporting and other political action committee effectively participate in the electoral process. requirements and restrictions. What is the mission of the Verizon Good Does Verizon also make corporate political Government Clubs? contributions? The Verizon Good Government Clubs’ mission is to Yes, corporate political contributions are made to advance and protect the future of Verizon and its organizations and to candidates for state offices employees. The Verizon GGCs’ interest is not in where permitted by law. Each year, an overall partisan politics. Instead, through the GGCs, we are contribution budget is established. In order to able to stand together to help government officials confirm consistency with company policy, all and elected leaders understand our business, our requests for corporate contributions must be issues, and our concerns. submitted for formal approval by the regional vice How are Verizon Good Government Club president, Verizon Legal, and the Senior VP for State contributions made? Government Relations or Senior VP for Public In order to confirm consistency with company Policy. Advance approval must be obtained for cash policy, candidates and committees who are contributions to individuals or organizations able to recommended to receive support are approved by receive corporate contributions, use of corporate the state and federal GGC PAC and disbursal facilities, discounts, or other items having monetary committees. These committees are comprised of value. Verizon employees who understand our business How are candidates selected? and policies and are familiar with the political Candidates and other organizations being process and the candidates for state and federal considered for contributions from the GGCs and the office. A listing of the Officers and the Disbursal company are evaluated on a number of criteria, Committee of the Verizon Federal GGC follows this including their votes and positions on issues of discussion. Each of the state GGCs also have PAC importance to Verizon, which may include issues Committees comprised of local employees. affecting the business community in general or the Are the Verizon Good Government Clubs required communications industry specifically, including to adhere to any government reporting issues such as communications policy, tax policy, requirements? and other policies relating to employment and The Verizon GGCs are political committees economic growth. All contributions are made to organized under federal and applicable state promote the interests of the company and its election laws. As such, the GGCs are subject to employees, and are made without regard to the numerous requirements established by the statutes private political interests of management. 3 Verizon Political Contributions January – December 2012 Verizon Federal Good Government Club Officers and Committee Members Disbursal Committee Chairman Peter Davidson ‐ Chairman Craig Silliman 1300 I Street, NW, Suite 400 West Verizon Government Relations Washington, DC 20005 Vice Chairman Stephanie Johanns Peter Davidson 1300 I Street, NW, Suite 400 West Verizon Government Relations Washington, DC 20005 Treasurer Craig Silliman Taylor Craig 1300 I Street, NW, Suite 400 West Verizon Government Relations Washington, DC 20005 Assistant Treasurer Howard Woolley Natosha Vieson 1300 I Street, NW, Suite 400 West Verizon Government Relations Washington, DC 20005 Taylor Craig ‐ Non‐Voting 1300 I Street, NW, Suite 400 West Washington, DC 20005 David Kass ‐ Non‐Voting One Verizon Way, 4th Floor Basking Ridge, NJ 07920 4 Verizon Political Contributions January – December 2012 VERIZON PAC CONTRIBUTIONS JANUARY – DECEMBER 2012 5 Verizon Political Contributions January – December 2012 CALIFORNIA PAC Contributions to Candidate Committees (Office Sought) William W. Monning (CA State Senate 17) .............................................................................. $1500 Richard Pan (CA State House 9) ............................................................................................... $1500 Nora Campos (CA State House 27) ........................................................................................... $1500 Ian Charles Calderon (CA State House 57) ............................................................................... $1500 Carol Liu (CA State Senate 25) .................................................................................................. $1000 Curt Hagman (CA State House 55) ........................................................................................... $1500 Tony Strickland (CA State Senate 19) ...................................................................................... $1500 Marty Block (CA State Senate 39) ............................................................................................ $1950 Michael Lawrence Morrell (CA State House 40) ...................................................................... $1500 Tori Osborn (CA State House 50) ............................................................................................. $1500 Anthony Cannella (CA State Senate 12) ................................................................................... $2400 Brian Nestande (CA State House 42)........................................................................................ $1950 Susan Bonilla (CA State House 14) ........................................................................................... $1500 Roger Hernandez (CA State House 48) .................................................................................... $1950 Chris Holden (CA State House 41) ............................................................................................ $1500 Ken Cooley (CA State House 8) ................................................................................................ $1000 V. Manuel Perez (CA State House 56) ...................................................................................... $1000 Ben Hueso (CA State House 80) ............................................................................................... $1000 Reggie Jones‐Sawyer (CA State House 59) ............................................................................... $1500 Ricardo Lara (CA State Senate 33) ........................................................................................... $1950 Toni Atkins (CA State House 78) .............................................................................................. $1500 COLORADO PAC Contributions to Candidate Committees (Office Sought) Linda M. Newell (CO State Senate 26) ....................................................................................... $400 Nancy J. Todd (CO State Senate 28) ........................................................................................... $400 Evie Hudak (CO State Senate 19) ............................................................................................... $400 Mary Hodge (CO State Senate 25) ............................................................................................. $400 Crestina Martinez (CO State Senate 35)