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Verizon Political Contributions January – December 2011 Verizon Political Contributions January – December 2011 2 VERIZON POLITICAL CONTRIBUTIONS JANUARY – DECEMBER 2011 Verizon Political Contributions January – December 2011 2 A Message from Tom Tauke 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 25 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, and independent expenditures made by Verizon in 2011. 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. Thomas J. Tauke Executive Vice President Public Affairs, Policy & Communications Verizon Political Contributions January – December 2011 3 Political Contributions: Our Voice in the Political Process What are the Verizon Good Government Clubs? established by the statutes and the government agencies The Verizon Good Government Clubs (GGCs) exist to help administering the federal and individual state election the people of Verizon participate in America’s electoral laws. These rules and regulations govern many aspects of process and support the public policies important to our the contributions process including the setting of monetary future as a company. Through the GGCs, employees contribution limitations and the establishment of periodic voluntarily join together to contribute to political reporting requirements. Verizon strictly follows all state and campaigns and effectively participate in the electoral federal reporting and other political action committee process. requirements and restrictions. What is the mission of the Verizon Good Government Does Verizon also make corporate political 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 where employees. The Verizon GGCs’ interest is not in partisan permitted by law. Each year, an overall budget is politics. Instead, through the GGCs, we are able to stand established and all requests for corporate contributions together to help government officials and elected leaders must be submitted for formal approval by the state or understand our business, our issues, and our concerns. regional president, Verizon Legal, the Senior VP for State Public Affairs and the Executive VP – Public Affairs, Policy How are Verizon Good Government Club contributions and Communications. Advance approval must be made? obtained for cash contributions to individuals or organizations able to receive corporate contributions, use Candidates and committees who are recommended to of corporate facilities, discounts, or other items having receive support are approved by the state and federal monetary value. GGC PAC and disbursal committees. These committees are comprised of Verizon employees who understand our How are candidates selected? business and are familiar with the political process and the candidates for state and federal office. A listing of the Candidates and other organizations being considered for Officers and the Disbursal Committee of the Verizon contributions from the GGCs and the company are Federal GGC follows this discussion. Each of the state evaluated on a number of criteria, including their votes GGCs also have PAC Committees comprised of local and positions on issues of importance to Verizon, which employees. may include issues affecting the business community in general or the communications industry specifically. All Are the Verizon Good Government Clubs required to contributions are made to promote the interests of the adhere to any government reporting requirements? company and its employees, and are made without regard to the private political interests of management. The Verizon GGCs are political committees organized under federal and applicable state election laws. As such, the GGCs are subject to numerous requirements Verizon Political Contributions January – December 2011 4 Verizon Federal Good Government Club Officers and Disbursal Committee Committee Members Peter Davidson – Chairman Chairman 1300 I Street, NW, Suite 400 West Tom Tauke Washington, DC 20005 Verizon Government Relations Colleen McCloskey Vice Chairman One Verizon Way, 1st Floor Peter Davidson Basking Ridge, NJ 07920 Verizon Government Relations Tom Tauke Treasurer 1300 I Street, NW, Suite 400 West Taylor Craig Washington, DC 20005 Verizon Government Relations Howard Woolley Assistant Treasurer 1300 I Street, NW, Suite 400 West Natosha Vieson Washington, DC 20005 Verizon Government Relations 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 VERIZON PAC CONTRIBUTIONS JANUARY – DECEMBER 2011 Verizon Political Contributions (PAC Contributions) January – December 2011 6 ARIZONA PAC Contributions to Party Committees or Other Groups Arizona Republican Party $3,000 ARKANSAS PAC Contributions to Candidate Committees (Office Sought, District) Michael Lamoureux (State Senate, District 4) $504 Arnell Willis (Mayor, Helena-West Helena) $504 CALIFORNIA PAC Contributions to Candidate Committees (Office Sought, District) Bob Blumenfield (State House, District 40) $1,500 Anthony Cannella (State Senate, District 12) $1,500 Felipe Fuentes (State House, District 39) $1,950 Jean Fuller (State Senate, District 18) $1,500 Curt Hagman (State House, District 60) $1,500 Roger Hernandez (State House, District 57) $1,950 Steve Knight (State House, District 36) $1,500 Ted W. Lieu (State Senate, District 28) $2,000 Bonnie Lowenthal (State House, District 54) $1,000 Robert Magee (State House, District 66) $250 Michael Lawrence Morrell (State House, District 63) $1,500 Alex Padilla (Secretary of State) $1,950 Sharon Runner (State Senate, District 17) $1,500 Roderick D. Wright (State Senate, District 25) $1,950 DELAWARE PAC Contributions to Party Committees or Other Groups Democratic Legislative Campaign Committee $250 Contributions to Candidate Committees (Office Sought, District) E. Bradford Bennett (State House, District 32) $100 Patricia M. Blevins (State Senate, District 7) $300 Joseph W. Booth (State Senate, District 19) $100 William J. Carson (State House, District 28) $100 Anthony J. DeLuca (State Senate, District 11) $200 Bruce C. Ennis (State Senate, District 14) $200 Robert F. Gilligan (State House, District 19) $300 Bethany A. Hall-Long (State Senate, District 10) $100 Verizon Political Contributions (PAC Contributions) January – December 2011 7 DELAWARE PAC (continued) Contributions to Candidate Committees (Office Sought, District) Margaret Rose Henry (State Senate, District 2) $150 Gerald W. Hocker (State House, District 38) $100 Deborah D. Hudson (State House, District 12) $200 S. Quinton Johnson, IV (State House, District 8) $100 Helene M. Keeley (State House, District 3) $100 Gregory F. Lavelle (State House, District 11) $200 David G Lawson (State Senate, District 15) $100 Valerie J. Longhurst (State House, District 15) $300 Jack Markell (Governor) $700 David B. McBride (State Senate, District 13) $200 John L. Mitchell, Jr. (State House, District 13) $100 Edward S Osienski (State House, District 24) $100 Karen E. Peterson (State Senate, District 9) $100 Peter C. Schwartzkopf (State House, District 14) $300 Darryl M. Scott (State House, District 31) $300 Bryon H. Short (State House, District 7) $100 F. Gary Simpson (State Senate, District 18) $200 Melanie George Smith (State House, District 5) $150 Liane M. Sorenson (State Senate, District 6) $100 John J. Viola (State House, District 26) $200 Contributions to PACs The PAC $1,200 DISTRICT OF COLUMBIA PAC Contributions to Candidate Committees (Office Sought, District) Muriel Bowser (City Council, District 4) $500 Michael Brown (City Council, At-Large) $1,000 FEDERAL PAC Contributions to Party Committees or Other Groups Democratic Congressional Campaign Committee $15,000 Democratic Senatorial Campaign Committee $15,000 National Republican Congressional Committee $15,000 National Republican Senatorial Committee $15,000 Republican National Committee $15,000 Verizon Political Contributions (PAC Contributions) January – December 2011 8 FEDERAL PAC (continued) Contributions to Candidate Committees (Office Sought, State, District) Gary L. Ackerman (US House, New York, District 5) $1,000 Sandra Adams (US House, Florida, District 24) $1,000 Rodney Alexander (US House, Louisiana, District 5) $3,000 George F. Allen (US Senate, Virginia) $1,000 Jason Altmire (US House, Pennsylvania, District 4) $3,000
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