About Us

Our Mission

Our mission is to provide service members, veterans, their families and support networks with the skills and resources they need to build a strong financial future. The Foundation changes lives through financial education, credit building, home ownership and short-term assistance.

Our Impact

Since 2001, the PenFed Foundation has provided more than $30 million in financial support to veterans, active duty service members, families and caregivers.

$6.6

million

provided for emergency financial assistance to military heroes and their caregivers.

125

grants

given in 2017 to help our Military Heroes purchase their first home.

Our History

The Pentagon Federal Credit Union Foundation has been dedicated since 2001 to supporting those who sacrifice to guarantee our freedoms.

2001

The Pentagon Federal Credit Union Foundation was created by Pentagon Federal Credit Union to assist military personnel in securing a sound financial future for themselves and their families.

2002

The Foundation received a 501(c)3 designation from the Internal Revenue Service. Work continued on building programs and securing funds to move forward with the mission of serving our nation’s defenders.

2003

The Military Heroes® program began when the Foundation partnered with the George Washington Chapter of the Association of the US Army to provide clothing, phone cards, gift certificates and personal items to the wounded returning from Iraq and Afghanistan who were being treated at Walter Reed Army Medical Center (WRAMC).

2004

The Military Heroes Fund began paying for child care expenses for children of the wounded being treated at Walter Reed AMC.

2005

The Foundation raised over $200,000 to help victims of Hurricanes Katrina and Rita in the Gulf states, donating these funds to Coast Guard Mutual Aid, Air Force Aid Society and the relocated veterans from the Armed Forces Retirement Home.

2006

The Foundation began its partnership with the George Washington Chapter of AUSA to hold a Christmas party at the Mologne House at Walter Reed, a residential hotel for wounded patients and their families.

2007

The first Dream Makers down payment grant of $5,000 was awarded to a soldier stationed at Fort Hood. She used the grant toward her purchase of a duplex in Killeen, Texas so her husband and son would be secure when she deployed to Iraq. 2007 ended with a total of $114,500 in down payment grants disbursed.

2010

Asset Recovery Kit (ARK) provided over 900 interest-free loans totaling over $400,000 to service members. These loans prevented nearly $1 million in fees and interest from being paid to predatory loan services which target military personnel.

2011

The 7th annual Night of Heroes Gala and the Military Heroes Golf Classic, held at the Robert Trent Jones Golf Club in Manassas, Virginia, raised over $1 million, breaking records for the most money raised during these events.

2014

The Lee and Penny Anderson Defenders Lodge opens in May. The facility provides home and respite to veterans and their families undergoing outpatient treatment at the Palo Alto, CA, VA Medical Center. The lodge is a $17 million public-private partnership between the foundation and the U.S. Department of Veterans Affairs.

2016

The foundation teams up with the Disabled American Veterans (DAV) to expand the Military Heroes Fund Emergency Assistance Program to include all veterans. Additionally, the foundation entered into a partnership with the Department of Veterans Affairs to help meet the need of homeless veterans as they find a place to live.

2017

The foundation begins accepting applications and providing more than 1,250 grants for emergency hurricane relief for veterans and Veterans Affairs employees in need of assistance from Hurricanes Harvey, Irma and Maria.

2018

The Veteran Entrepreneur Investment Program (VEIP) launches with Foundation contributions and matching funding of up to $1 million from PenFed Credit Union. The program provides veteran-owned start-ups with seed capital to build and grow their businesses, creates a robust network for veteran-owned businesses to succeed and enables the PenFed Foundation to perpetually re-invest returns in future veteran-owned businesses.

…More than $30 million

provided in support to military heroes and their families.