December 12, 2018 Share

Verizon Awards Grant to Princeton Area Community Foundation for its All Kids Thrive Program

Verizon has awarded the Princeton Area Community Foundation a $25,000 grant for its new All Kids Thrive initiative, a program working to reduce chronic absenteeism in Central New Jersey, putting kids on a path to better adult lives.

“We want to express our deep appreciation to Verizon for their support, as we work to improve the lives of young people living in poverty across our region,” said Jeffrey M. Vega, President & CEO of the Community Foundation. “Studies show children who miss 10 percent or more of the school year – at least two days a month – often lag behind their peers at every level: from early childhood, when chronic absenteeism erodes the benefits of Pre-K, to high school, where chronically absent students are more likely to drop out.”

John P. Szeliga, External Affairs Field Director, Verizon NJ with Jeffrey M. Vega, President & CEO, Princeton Area Community Foundation

Poverty, homelessness and chronic illness are among the risk factorsfor chronic absenteeism.

The Community Foundation recently announced it would award $3 millionin grants to keep kids in school. Ten partnerships between schools andnonprofits in Mercer County, working to reduce chronic absenteeism,will receive All Kids Thrive grants of $300,000 each, payable overfive years.

“At the heart of the Verizon Foundation mission is the idea thatevery child can make a positive impact on the world, and we arededicated to ensuring that all our children have every conceivableopportunity to be successful,” said Rose Stuckey Kirk, ChiefCorporate Social Responsibility Officer for Verizon. “Verizon iscommitted to supporting initiatives like All Kids Thrive to help ournext generation realize a brighter future.”

In addition to Verizon, NJM Insurance Group and The George H. andEstelle M. Sands Foundation have pledged financial support to All KidsThrive.

The Princeton Area Community Foundation promotes philanthropy andbuilds community across Mercer County and central New Jersey. It helpspeople and companies make effective charitable gifts and awards grantsto nonprofits. Since its founding in 1991, the Community Foundationhas grown into an organization with more than $170 million in assetsand made grants of more than $126 million, including $20 million in2017.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in NewYork City, generated $126 billion in 2017 revenues. The companyoperates America’s most reliable wireless network and the nation’spremier all-fiber network, and delivers integrated solutions tobusinesses worldwide. Its Oath subsidiary reaches people around theworld with a dynamic house of media and technology brands.