The Verizon Foundation, based in the United States, is the philanthropic arm of Verizon Communications Inc., one of the world's largest telecommunications companies. The foundation was established in 2001 with the aim of using technology to address some of the most pressing social issues and to improve the communities it serves. Headquartered in Basking Ridge, New Jersey, the Verizon Foundation has a strong presence across the United States.

It supports a wide range of programs and initiatives in areas such as education, healthcare, environmental sustainability, and domestic violence prevention. The foundation provides grants, volunteer support, and in-kind donations to nonprofits and organizations working towards these goals. On a global scale, Verizon Foundation collaborates with various partners, including government agencies, nonprofit organizations, and educational institutions, to leverage technology in solving problems and creating opportunities.

The foundation has established important partnerships with organizations like the American Red Cross, National Domestic Violence Hotline, and NetSmartz Workshop, among others. These collaborative efforts help in strengthening communities and driving positive change on a global level. Verizon Foundation holds a significant market position as one of the leading corporate foundations in the United States.

Through its extensive reach and resources, the foundation has been able to make a significant impact in addressing societal challenges. It continually invests in innovative technology solutions and partnerships to tackle social issues. This commitment to using technology for good has earned Verizon Foundation recognition and numerous awards for its philanthropy and corporate social responsibility initiatives.

As for the company's current status, Verizon Foundation continues to play a vital role in supporting communities across the United States. It remains committed to its mission of leveraging technology to empower individuals and address societal challenges. The foundation regularly updates its programs and partnerships to ensure maximum impact and relevance in the ever-evolving landscape of social issues