Be a Hero for Giving Tuesday

Help the PenFed Foundation raise $50,000 for Military Heroes

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PenFed Foundation CEO discusses VEIP

James Schenck discusses the Foundation's Veterans Entrepreneur Investment Program on Fox Business on Monday morning.

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Digital Application Portal Now Available

The PenFed Foundation is now accepting digital applications for Emergency Financial Assistance, Family & Caregiver Support, and DAV Partner Program. Please note: We are only accepting applications for these programs through our online portal.

Who Our Programs Help

The PenFed Foundation changes lives through financial education, credit building, home ownership and short-term assistance.

Meet Dennis

He is a 42-year-old disabled veteran, honorably discharged from the United States Army as a combat medic in 2014. Since Dennis has a 90% disability rating, he receives about $3,500 a month through the VA. However, due to his combat-related disability, he is not able to work to earn extra income.

Dennis and his wife recently decided to adopt his two nieces upon the passing of their mother. This process set the family back financially and his flawless credit score was in jeopardy.

Through the PenFed Foundation, Dennis was able to apply for Emergency Financial Assistance where he received $3,500 for his past due mortgage payment along with financial counseling to help him budget accordingly during this period of financial set-back.

We helped Dennis. We can help you too!

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Lee & Penny Anderson Defenders Lodge

The PenFed Foundation raised $11 million to cover the cost of building the Lee & Penny Anderson Defenders Lodge – a $17 million public-private partnership with the Department of Veteran’s Affairs. This facility provides a home and respite to veterans and their families undergoing outpatient treatment at the Palo Alto, California VA Medical Center.

Since the facility opened in 2014, the Foundation has provided for 125,000 nights stay to our Veterans and their families, saving them more than $34 million on lodging expenses as part of this special project.

Watch a video and learn more about this PenFed Foundation special project.

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100% of Your Donations Help Our Military Heroes

Help create a strong and secure financial future for our nation’s defenders. They have given so much for us, we should be able to help them.

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, credit-building, home ownership and short-term assistance. PenFed Credit Union underwrites all PenFed Foundation expenses, so your donations directly support our nation’s service members, veterans and their caregivers.


The amount of military families we have helped since 2001.

Our Signature Events

We have two main events each year that help create awareness for our Military Heroes as well as create the funding needed to help our veterans and their families.