General Questions

Yes, In 2002 we received a 501(c)3 designation from the Internal Revenue Service.

Our tax ID number is # 54-2062271. CFC# 77273.

Please see our news and events page for updates.

We are also on social media, follow us!

Facebook: PenFed Foundation
Twitter: The PenFed Foundation
Instagram: PenFed_Foundation
YouTube: The PenFed Foundation

You can make a gift to us online with your credit card or PayPal account. Click on the Donate Button at the top right of our home page to go to the online donation page. Fill out your name, email, and billing address, and then select whether you want to pay through credit card or PayPal.

To pay by credit card, enter your card number, expiration date, and security code.

To pay by PayPal, click on the PayPal button and log into your PayPal account to withdraw the amount you want to donate.

Lastly, choose if you would like to cover the transaction fee. You will receive a tax receipt sent to the email you provided immediately after you complete the donation.

You can make a gift to us by mailing a check payable to the PenFed Foundation to 2930 Eisenhower Ave, Alexandria, VA 22314. Once we receive your check, we will mail you a tax receipt to the address on your envelope.

You can make a gift to us by donating shares of stocks. Email us at donate@penfedfoundation.org to provide the details of your stock gift. We will send you our brokerage information and next steps for completing your gift.

The Charitable Gift Annuity (CGA) is a popular and easy method of making a deferred charitable gift. A Charitable Gift Annuity is a contract between the PenFed Foundation and Mutual of Omaha that details guaranteed lifetime income for a donor and one other beneficiary in return for an irrevocable gift to PenFed Foundation. Upon agreement with the donor, The PenFed Foundation will receive funds from the donor. PenFed Foundation will send a portion of the donor’s funds to Mutual of Omaha to complete the initial contract. The remaining funds will be retained by the PenFed Foundation as a charitable gift.

CGA’s can be funded only with a gift of cash or a publicly traded security. The recommended minimum amount for a Charitable Gift Annuity is $25,000 and the minimum age of the participants is 70 years. Donors who have not reached the age of 70 can defer payment of the gift annuity three years prior to their 70th birthday.

Donors may contribute in-kind gifts with approval from the PenFed Foundation. IRS requirements for gift valuation note that the donor has the responsibility for valuing in-kind gifts for tax-deduction purposes. Even in cases in which the donor does not intend to claim the in-kind gift as a charitable donation, the PenFed Foundation’s policy is to ask the donor to place a value on the in-kind gift.

Please email donate@penfed.org, and we would be happy to send you a receipt.

Military Heroes Program

Grants may only be submitted by 501(c)3 non-profit organizations. You will need your organization’s EIN and IRS letter of determination as part of the application process. Organizations must be in good standing with the IRS and comply with all applicable laws and regulations.

No, you do not need an invitation to apply. All eligible organizations are encouraged to apply.

Yes, you can reapply. Please contact militaryheroes@penfed.org to discuss your project prior to reapplying.

Our grants celebrate the leadership and selfless service of military members and support the transition from service to civilian life. Our funding priorities are successful civilian employment for veterans, job training and employment for military spouses, community leadership, and success and stability for military children.

No. Applications must be submitted online through the Foundant system.

Afghan Allies Program

For questions about the Afghan Allies Program, please contact Mahnaz Akbari, program director, at csltakbarim@penfed.org.

Veteran Entrepreneur Investment Program

All veteran and milspouse entrepreneurs with startup companies. The most successful applications for our Master’s Program accelerator and Investment Fund are from businesses with high potential for revenue growth and impressive scalability.

Yes, veteran and milspouse entrepreneurs need to have an established business to qualify for VEIP. Our current programs are designed for highly-scalable, venture-backable companies (C Corporations) that have at least their minimum viable product, have demonstrated product-market fit, and ideally are revenue generating.

We have historically invested in companies from the broader ecosystem. However, the vast majority of investments and referrals to our investment network are alumni of the Master’s Program accelerator. As such, participation is highly encouraged.

We expect (1) your in-person participation at our 4-day retreat in Haymarket, VA, (2) participation in the 6-weeks of virtual bootcamps, and (3) that you pitch in-person for Demo Day at the PenFed headquarters in Tysons, VA. We do not take equity in your business, nor do we charge a tuition. All of your expenses (travel, lodging and meals) are covered by VEIP.

Through our Veteran Veteran Entrepreneur Investment Program, we offer several initiatives. To learn more visit the VEIP page. To contact a VEIP representative, please email Scott Davis at veip@penfed.org.

Partner With Us

To learn more about partnership opportunities, please contact Katie Watson at militaryheroes@penfed.org.

We offer various levels of partnership – learn more at Philanthropic Partners.

For additional information, please contact Katie Watson at militaryheroes@penfed.org.