The judges
noted that Verizon's Web site, selected from among nearly 250 applicants ,
demonstrates the company's commitment to effective communications and serves
as a model of excellence for other grant-makers. This is the second
time Verizon has received this Gold Award.
The Verizon Foundation, the philanthropic arm of Verizon Communications,
pioneered the use of the Internet when it became the first corporate "cyber-
foundation" in 1995, requiring that grant applications be submitted online. The foundation uses its resources in the United States
and abroad to develop partnerships in technology and connect them with
organizations serving the needs of diverse communities , people with
disabilities, victims of domestic violence, and the economically and socially
disadvantaged . For more information on the foundation, visit
http://www.verizon.
Information Services operates directory publishing businesses and provides
electronic commerce services. "They are
one of the leaders in funding innovative and well planned projects that
yield positive results.
PCF divisions include the Center for Venture Philanthropy, the
Peninsula Partnership for Children, Youth and Families , and the
Peninsula Nonprofit Center.

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The site, http://www.
The program recognizes effective communications efforts that increase
public awareness of foundations and corporate-giving programs . The award
affirms that we're doing the right things to reach nonprofits striving to make
a difference in their communities. The purpose
of the survey is to solicit anonymous feedback from a foundation 's
nonprofit partners and to provide comparative data with other foundations.

"With a Community Endowment that now exceeds $113 million, generating more
than
$6 million in local grantmaking , it is important to us to receive honest
assessments on how well we are serving the nonprofit community , which is
one of our two key constituencies," said Sterling Speirn, President,
Peninsula Community Foundation."

"PCF is very committed to improving the quality of life for members of our
community , and they understand the needs of our region because the program
officers go into the field and conduct their own research," said Luisa
Buada, Chief Executive Officer, Ravenswood Family Health Center.

Through their grants, we have been able provide the
highest quality healthcare services to over 11 ,000 patients over the past 3
years, in an area that desperately needed a community health provider .

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verizon. Based on the
survey responses, the Center for Effective Philanthropy noted that,
"Peninsula Community Foundation (PCF) is highly rated across nearly all
dimensions, a finding that is unusual in the Center's experience."

Key findings of the report include:

-- PCF is highly rated in both its impact on the community and its fields
of funding, which is not typical of regionally focused funders.

-- PCF provides its grantees with much more non-monetary assistance than
is typical, including management, field-related and operational assistance.

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"The Internet is a powerful tool that
provides a wealth of information to charitable organizations.6 million in combined contributions to charitable
and nonprofit organizations.com.

PRESS RELEASE Peninsula Community Foundation Receives High Scores From Center for Effective Philanthropy Survey

Peninsula Community Foundation today
announced the release of its results from the 2005 Grantee Perception
Report (GPR) compiled by the Center for Effective Philanthropy, a national
nonprofit organization based in Cambridge, Massachusetts . For more information call 650.358.

community foundations

The foundation also encourages nonprofits to utilize the Internet to enhance
their operations and communications capabilities.
"This award is a prestigious honor for the company," said Patrick Gaston,
president of the Verizon Foundation."
The Verizon Foundation is accessible round-the-clock seven days a week, in
English and Spanish, via the Web site .com/foundation. Verizon
Wireless owns and operates the nation's most reliable wireless network,
serving 43."

On behalf of PCF, the Center surveyed 113 grantees that received funding in
2003 from the foundation's Community Endowment or from the Center for
Venture Philanthropy, a division of PCF. With assets of over $609 million, including a $113 million Community
Endowment, PCF is an innovative leader in meeting the needs of the
community in the areas of children and families, education , health and
human services, the environment, the arts, and strengthening nonprofits.

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verizon.com/foundation , received top
honors for excellence in communications in the category recognizing large
corporate foundations.

In 2004, the Verizon Foundation awarded more than 26,000 grants totaling
more than $70 million to charitable and nonprofit agencies that focus on
improving literacy, computer and technology skills, and identifying domestic
violence solutions.
(NYSE: VZ) is one of the world 's leading providers of communications services.
Verizon has a diverse work force of more than 210 ,000 in four business units:
Domestic Telecom serves customers based in 29 states with wireline
telecommunications services, including broadband and other services.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches
and biographies, media contacts, high quality video and images, and other
information are available at Verizon's News Center on the World Wide Web at
http://www." The
Center surveyed more than 22,000 grantees of 117 foundations nationwide in
2003 and 2004 , including 113 grantees of PCF for the report. For example,
our lowest score in the survey was at the median level for 'dollar return
on grantee administrative hours.org.

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The award was presented at
the Council on Foundations' 56th annual conference today. The foundation's site includes
guidelines , an eligibility quiz and the online grant application.8 million voice and data customers across the United States.

-- The foundation is ranked highest among community foundations surveyed
in the quality of its interactions, impact on grantee organizations and
overall satisfaction .

-- The foundation provides grantees with more assistance securing funding
from other sources - which is a very valuable service for grantees.

"The results are a tremendous affirmation of the hard work and dedication
of our staff, and of our commitment to serve the community we live in,"
Speirn noted. Peninsula Community Foundation is
a registered trademark, and Center for Venture Philanthropy, Peninsula
Partnership for Children, Youth and Families, and the Peninsula Nonprofit
Center are trademarks of Peninsula Community Foundation.

grants making

Verizon Foundation Wins Gold Award For Innovative Web Site

Philanthropic Division Receives Highest Honor for Communications Excellence

NEW YORK, The Verizon Foundation's Web site has
won a Gold Award from the Council on Foundations' 2005 Wilmer Shields Rich
Awards Program.
The Council on Foundations is a nonprofit membership association
consisting of more than 2,000 organizations that promote strategic
communication as an essential part of successful philanthropy. The site
also contains a series of best-in class technology success stories and tools
that help nonprofits evaluate their technology needs.
The foundation also supports Verizon Volunteers, an incentive program that
last year encouraged Verizon employees to volunteer 528,000 hours in their
communities and provided $37. For more
information , visit http://www.verizon.com/news. "The Report is also an excellent benchmarking tool and a
good indicator of areas where we can become more efficient. Both our
Center for Venture Philanthropy and our Community Programs staff are
committed to high-engagement work with our grantees, but we need to see how
we can streamline some of our evaluation requirements so that they are not
'cumbersome ' as one survey respondent noted. We look forward to continuing
to work closely with our grantees so as to become an even more effective
philanthropic and community partner in the years to come.

9369 or
visit www.

2005 Peninsula Community Foundation.

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With more than $71 billion in annual revenues, Verizon Communications Inc. International includes wireline and wireless
operations and investments, primarily in the Americas and Europe. To receive news releases by e-mail, visit the
News Center and register for customized automatic delivery of Verizon news
releases. "While our donors provide us with
invaluable feedback on how we can improve our services, nonprofits may
hesitate to give us constructive criticism given their reliance on our
funding.' What this tells us is that while PCF
awards larger grants than the median foundation, we require much more time
from our grantees during the reporting and evaluation processes. PCF
is easy to work with, responsive and an incredible resource -- we are
extremely fortunate and blessed to be working with them. Results were compared to other
foundations whose grantees were also surveyed.

About Peninsula Community Foundation

For 40 years, Peninsula Community Foundation has worked with nonprofits,
donors , and government agencies to change the world -- one community at a
time.pcf.

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