1 Verizon Political Contributions January – December 2014 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 18 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 2014. 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 Executive Vice President, Public Policy and General Counsel 2 Verizon Political Contributions January – December 2014 Political Contributions Policy: Our Voice in the Political Process What are the Verizon Good Government Clubs? contributions process including the setting of The Verizon Good Government Clubs (GGCs) exist to monetary contribution limitations and the help the people of Verizon participate in America’s establishment of periodic reporting requirements. electoral process and support the public policies Verizon strictly follows all state and federal reporting important to our future as a company. Through the and other political action committee requirements GGCs, employees voluntarily join together to and restrictions. contribute to political campaigns and effectively Does Verizon also make corporate political participate in the electoral process. contributions? What is the mission of the Verizon Good Government Yes, corporate political contributions are made to Clubs? organizations and to candidates for state offices The Verizon Good Government Clubs’ mission is to where permitted by law. Each year, an overall advance and protect the future of Verizon and its contribution budget is established. In order to employees. The Verizon GGCs’ interest is not in ensure consistency with company policy, all requests partisan politics. Instead, through the GGCs, we are for corporate contributions must be submitted for able to stand together to help government officials formal approval by the regional vice president, and elected leaders understand our business, our Verizon Legal, and the Senior VP for State issues and our concerns. Government Relations or Senior VP for Public Policy. How are Verizon Good Government Club Advance approval must be obtained for cash contributions made? contributions to individuals or organizations able to In order to confirm consistency with company policy, receive corporate contributions, use of corporate candidates and committees who are recommended facilities, discounts, or other items having monetary to receive support are approved by the state and value. federal GGC PAC and disbursal committees. These How are candidates selected? committees are comprised of Verizon employees Proper recipients of company political contributions who understand our business and policies and are and GGC contributions include candidates for familiar with the political process and the candidates political office or organizations that support for state and federal office. A listing of the Officers candidates for political office and ballot initiatives. and the Disbursal Committee of the Verizon Federal Candidates and other organizations being GGC follows this discussion. Each of the state GGCs considered for contributions from the GGCs and the also has a PAC Committee comprised of local company are evaluated on a number of criteria, employees. including their votes and positions on issues of Are the Verizon Good Government Clubs required to importance to Verizon, which may include issues adhere to any government reporting requirements? affecting the business community in general or the The Verizon GGCs are political committees organized communications industry specifically, including under federal and applicable state election laws. As issues such as communications policy, tax policy, and such, the GGCs are subject to numerous other policies relating to employment and economic requirements established by the statutes and the growth. All contributions are made to promote the government agencies administering the federal and interests of the company and its employees, and are individual state election laws. These rules and made without regard to the private political regulations govern many aspects of the interests of management. 3 Verizon Political Contributions January – December 2014 Verizon Federal Good Government Club Officers Disbursal Committee Craig Silliman ‐ Chairman Peter Davidson ‐ Chairman 1095 Avenue of the Americas 1300 I Street, NW, Suite 400 West New York, NY 10036 Washington, DC 20005 Peter Davidson ‐ Vice Chairman Leecia Eve 1300 I Street, NW, Suite 400 West 140 West Street, 6th Floor Washington, DC 20005 New York, NY 10007 Taylor Craig ‐ Treasurer Stephanie Johanns 1300 I Street, NW, Suite 400 West 1300 I Street, NW, Suite 400 West Washington, DC 20005 Washington, DC 20005 Natosha Prolago ‐ Assistant Treasurer Tim McCallion 1300 I Street, NW, Suite 400 West 2535 W. Hillcrest Drive, 2nd Floor Washington, DC 20005 Newbury Park, CA 91320 Craig Silliman 1095 Avenue of the Americas New York, NY 10036 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 2014 5 Verizon Political Contributions January – December 2014 ARIZONA PAC Contributions to Candidate Committees (Office Sought) Fred DuVal (Governor ‐ AZ) ..................................................................................................................................... $ 1000 Gov. Doug Ducey (Governor ‐ AZ) ........................................................................................................................... $ 2000 Gov. Doug Ducey (Governor ‐ AZ) ........................................................................................................................... $ 2000 CALIFORNIA PAC Contributions to Candidate Committees (Office Sought) Jacqui Irwin (State House ‐ CA 44) .......................................................................................................................... $ 2500 Assm. Brian Dahle (State House ‐ CA 1) .................................................................................................................. $ 1500 Assm. Cheryl R. Brown (State House ‐ CA 47) ......................................................................................................... $ 2500 Curt Hagman (State Senate ‐ CA 29) ....................................................................................................................... $ 1500 Assm. Brian Maienschein (State House ‐ CA 77) ..................................................................................................... $ 1500 Sen. Michael Lawrence Morrell (State Senate ‐ CA 23) .......................................................................................... $ 1500 Assm. Freddie Rodriguez (State House ‐ CA 52) ..................................................................................................... $ 2500 Assm. Jose Medina (State House ‐ CA 61) .............................................................................................................. $ 1500 V. Manuel Perez (State House ‐ CA 56) ................................................................................................................... $ 1000 Contributions to Party Organizations, PACs and Other Groups California Latino Caucus Leadership PAC ................................................................................................................ $ 3000 COLORADO PAC Contributions to Candidate Committees (Office Sought) Gov. John W. Hickenlooper (Governor ‐ CO) ........................................................................................................... $ 1100 Sen. Leroy M. Garcia, Jr. (State Senate ‐ CO 3) ......................................................................................................... $ 400 Sen. Lucia Guzman (State Senate ‐ CO 34) ................................................................................................................ $ 200 Bernie Herpin (State Senate ‐ CO 11) ........................................................................................................................ $ 400 Sen. Chris Holbert (State Senate ‐ CO 30) ................................................................................................................. $ 200 Sen. Ellen S. Roberts (State Senate