Verizon Foundation has announced a $31 million commitment to provide free, online educational materials for teachers and students nationwide. Through Thinkfinity.org, educators will have access to 50,000 standards-based resources from major educational organizations.

The educational organizations include the American Association for the Advancement of Science, the John F. Kennedy Center for the Performing Arts, the National Council of Teachers of Mathematics, the National Geographic Society, and the National Museum of American History. Over the next three years, the funds will be distributed to expand the number of interactive offerings and other professional development content.

"The broadband networks we are building can provide a student anywhere, anytime with access to the world's richest educational content," said Tom Tauke, Verizon's executive vice president for public affairs, policy and communications.

Verizon Foundation is one of the largest corporate foundations in the world. Basic leteracy and e-learning are major priorities for Verizon Foundation due to its enormous impact on education and economic development.