Worth Magazine Names SBC Communications One of America's Most Generous Givers; SBC Ranks Sixth Among Top 50 U.S. Corporations, First Among Telecommunications Companies.SAN ANTONIO--(BUSINESS WIRE)--Nov. 23, 1999-- Editors at Worth magazine have selected SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications as one of America's most generous companies. Through a survey spearheaded by the Council on Economic Priorities, the magazine gathered information from the 500 largest corporations to determine top charitable corporate givers. SBC ranked highest among telecommunications companies and sixth overall. "SBC has a proud tradition of supporting our communities," said Gloria Delgado, president of the SBC Foundation, SBC's philanthropic arm. "Our efforts focus on encouraging community development, as well as bringing new technology and opportunities to the places where SBC employees live and work." SBC's total contributions in 1998 were $58.9 million. The SBC Foundation issued more than 2,200 grants totaling $33 million to non-profits, including $6.7 million to the United Way. The remaining funds were contributed directly through other SBC subsidiaries. SBC's community support also includes the efforts of more than 200,000 employees worldwide. Through the Pioneers, SBC's employee and retiree volunteer organization, participants contributed more than 6.5 million hours to volunteer efforts in 1998. Worth's ranking of the 50 Top Givers is based entirely on the total dollar value of a company's charitable giving in a falling inwards; a collapse. See also: Giving 1998. The December/January issue of Worth will be available on newsstands November 30. This is the first year Worth has done the survey. SBC's philanthropic efforts focus primarily on using technology and communications to broaden educational opportunities and enhance economic development in the communities it serves. In addition, SBC contributes to arts and cultural outreach programs and health and human services Noun 1. Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Department of Health and Human Services, HHS . Some examples of SBC's corporate giving include: -- In one of the nation's largest technology-in-education initiatives, SBC has wired more than 6,000 classrooms with Internet access See how to access the Internet. , free of charge, through Operation Schoolnet. The main objective of this program is to provide schools in low-income and rural areas with easy access to the wealth of educational resources available online. -- The California Community Partnership Agreement is a historic collaboration between nine community coalitions throughout the state and SBC's Pacific Bell subsidiary. It is dedicated to bringing both existing and new communications technologies to traditionally disadvantaged communities. The partnership is directing the distribution of a $50 million technology fund created by SBC. The fund distributes money to programs that broaden community access to advanced telecommunications technologies. -- Last year, the SBC Foundation announced it would contribute $10 million to help fund the construction of The Women's Museum: An Institute for the Future, the first such facility dedicated solely to honoring the achievements of women and their contributions to society. Scheduled to open in September 2000, the museum will serve to educate and motivate tomorrow's leading women by showcasing the accomplishments of American women. Since 1989, the SBC Foundation has provided more than $4.5 million in disaster relief support, as well as on-site emergency telecommunications support and related assistance in the wake of these disasters, including the Oklahoma City bombings See Terrorism "The Oklahoma City Bombing" (Sidebar); Venue "Venue and the Oklahoma City Bombing Case" (Sidebar). in 1995, El Nino's devastation to California in 1998, and the 1999 Oklahoma tornadoes. Also among the top six corporate givers were Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , General Motors, Johnson & Johnson, Phillip Morris and General Electric. SBC Communications Inc. (www.sbc.com) is a global communications leader. Through its trusted brands - Southwestern Bell
Southwestern Bell Telephone, L.P. , Ameritech, Pacific Bell, SBC Telecom SBC Telecom, Inc. (d/b/a AT&T Small Business) is a CLEC owned by AT&T that offers local telephone service outside the AT&T Bell Operating Company regions. It was formed in 1999 following provisions that required SBC Communications to offer telephone service outside its boundaries , Nevada Bell Bell Telephone Company of Nevada was the Bell System's telephone provider in Nevada. It only provides telephone services to 30% of the state, not including Las Vegas, where service is provided by Embarq, formerly Sprint. , SNET n. 1. The fat of a deer. v. t. 1. The clear of mucus; to blow. and Cellular One - and world-class network, SBC provides local and long-distance phone service, wireless and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , paging, high-speed Internet See broadband. access and messaging, cable and satellite television, security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and telecommunications equipment, as well as directory advertising and publishing. In the United States, the company currently has 87.3 million voice grade equivalent lines, 10.3 million wireless customers and is undertaking a national expansion program that will bring SBC service to an additional 30 markets. Internationally, SBC has telecommunications investments in 22 countries. With more than 200,000 employees, SBC is the 14th largest employer in the U.S., with annual revenues that rank it among the largest Fortune 500 companies |
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