Who Our Programs Help
The PenFed Foundation changes lives through financial education, home ownership, short-term assistance and veteran entrepreneurial support.
Your Donations Help Our Military Heroes
The mission of the PenFed Foundation is to provide service members, Veterans, their families and support networks with the skills and resources they need to build a strong financial future. We change lives through financial education, home ownership, short-term assistance and veteran entrepreneurial support.
In 2018, 97% of funds raised supported the Foundation’s programs. The PenFed Credit Union cover our salaries and administrative costs.
He is a 42-year-old disabled veteran, who served as a combat medic the Army and was honorably discharged in 2014. Due to his combat-related disability, he is not able to work to earn extra income.
Dennis and his wife adopted his two nieces upon the passing of their mother.
Dennis was able to apply for PenFed Foundation's Emergency Financial Assistance where he received $3,500 for his past due mortgage payment along with financial counseling to help him budget during this financial hardship.
Lee & Penny Anderson Defenders Lodge
The PenFed Foundation raised $11 million to build the Lee & Penny Anderson Defenders Lodge - a $17 million public-private partnership with the Department of Veteran's Affairs that provides home and respite to veterans and their families undergoing outpatient treatment at the Palo Alto, California VA Medical Center.
Since 2014, the Defender's Lodge has provided 128,000 nights stay to our Veterans, saving them more than $38.5 million on lodging expenses.
Former U.S. Army service member Kerby Stracco's husband suffered severe injuries while serving in Kuwait. Kerby must take her husband to doctor’s appointments, and needed help with childcare. The PenFed Foundation helped cover the costs for her three young children through the Military Heroes Family and Caregivers grants.
We provide child care assistance to families who are experiencing financial strain in their lives as they cope with circumstances surrounding the challenges involved in caring for a wounded warrior.