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A Message from Craig Silliman

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A Message from Craig Silliman 1 Verizon Political Contributions January – December 2013 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 during 2013. 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 2013 Political Contributions Policy: Our Voice in the Political Process What are the Verizon Good Government Clubs? individual state election laws. These rules and regulations govern many aspects of the The Verizon Good Government Clubs (GGCs) exist to contributions process including the setting of help the people of Verizon participate in America’s monetary contribution limitations and the electoral process and support the public policies establishment of periodic reporting requirements. important to our future as a company. Through the Verizon strictly follows all state and federal reporting GGCs, employees voluntarily join together to and other political action committee requirements contribute to political campaigns and effectively and restrictions. participate in the electoral process. Does Verizon also make corporate political What is the mission of the Verizon Good Government contributions? Clubs? Yes, corporate political contributions are made to The Verizon Good Government Clubs’ mission is to organizations and to candidates for state offices advance and protect the future of Verizon and its where permitted by law. Each year, an overall employees. The Verizon GGCs’ interest is not in contribution budget is established. In order to partisan politics. Instead, through the GGCs, we are ensure consistency with company policy, all requests able to stand together to help government officials for corporate contributions must be submitted for and elected leaders understand our business, our formal approval by the regional vice president, issues, and our concerns. Verizon Legal, and the Senior VP for State How are Verizon Good Government Club Government Relations or Senior VP for Public Policy. contributions made? Advance approval must be obtained for cash In order to confirm consistency with company policy, contributions to individuals or organizations able to candidates and committees who are recommended receive corporate contributions, use of corporate to receive support are approved by the state and facilities, discounts, or other items having monetary federal GGC PAC and disbursal committees. These value. committees are comprised of Verizon employees How are candidates selected? who understand our business and policies and are Candidates and other organizations being familiar with the political process and the candidates considered for contributions from the GGCs and the for state and federal office. A listing of the Officers company are evaluated on a number of criteria, and the Disbursal Committee of the Verizon Federal including their votes and positions on issues of GGC follows this discussion. Each of the state GGCs importance to Verizon, which may include issues also have PAC Committees comprised of local affecting the business community in general or the employees. communications industry specifically, including Are the Verizon Good Government Clubs required to issues such as communications policy, tax policy, and adhere to any government reporting requirements? other policies relating to employment and economic The Verizon GGCs are political committees organized growth. All contributions are made to promote the under federal and applicable state election laws. As interests of the company and its employees, and are such, the GGCs are subject to numerous made without regard to the private political requirements established by the statutes and the interests of management. government agencies administering the federal and 3 Verizon Political Contributions January – December 2013 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 Jim Gerace Peter Davidson One Verizon Way, 4th Floor Verizon Government Relations Basking Ridge, NJ 07920 Treasurer Stephanie Johanns Taylor Craig 1300 I Street, NW, Suite 400 West Verizon Government Relations Washington, DC 20005 Assistant Treasurer Tim McCallion Natosha Vieson 2535 W. Hillcrest Drive, 2nd Floor Verizon Government Relations Newbury Park, CA 91320 Craig Silliman 1300 I Street, NW, Suite 400 West 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 2013 5 Verizon Political Contributions January – December 2013 CALIFORNIA PAC Contributions to Candidate Committees (Office Sought) Assm. Susan Talamantes Eggman (State House - CA 13) ........................................................................... $ 1500 Assm. Brian Maienschein (State House - CA 77) ........................................................................................ $ 1500 Assm. Frank Bigelow (State House - CA 5) .................................................................................................. $ 2500 Assm. Marc Levine (State House - CA 10) ................................................................................................... $ 2500 Assm. Mark Stone (State House - CA 29) .................................................................................................... $ 2500 Patrick O'Donnell (State House - CA 70) ..................................................................................................... $ 1000 Assm. Adrin Nazarian (State House - CA 46) .............................................................................................. $ 2500 Assm. Lorena Gonzalez (State House - CA 80) ............................................................................................ $ 1500 COLORADO PAC Contributions to Candidate Committees (Office Sought) Rep. Angela Williams (State House - CO 7) ................................................................................................... $ 400 Rep. Chris Holbert (State Senate - CO 30) .................................................................................................... $ 200 Rep. Millie Hamner (State House - CO 61) ................................................................................................... $ 200 Rep. Pete Lee (State House - CO 18) ............................................................................................................. $ 200 Rep. Tracy Kraft-Tharp (State House - CO 29) .............................................................................................. $ 200 Rep. Daniel Kagan (State House - CO 3) ........................................................................................................ $ 200 Sen. Ellen Roberts (State Senate - CO 6) ...................................................................................................... $ 200 Sen. Lucia Guzman (State Senate - CO 34) ................................................................................................... $ 200 Rep. Mike McLachlan (State House - CO 59) ................................................................................................ $ 200 Rep. Brian DelGrosso (State House - CO 51) ................................................................................................ $ 200 Contributions to Party Organizations, PACs and Other Groups Angela Williams Leadership Fund ................................................................................................................. $ 550 DISTRICT OF COLUMBIA PAC Contributions to Candidate Committees (Office Sought) Cnclm. Muriel Bowser (Mayor of DC) ......................................................................................................... $ 1500 Cnclm. Jack Evans (Mayor of DC) ................................................................................................................ $ 1500 May. Vincent Gray (Mayor of DC) ..............................................................................................................
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