Category: News

Ongoing opportunity for veterans to receive financial assistance during COVID-19

The PenFed Foundation for Military Heroes is a 501(c)3 nonprofit with a mission to empower military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. The PenFed Foundation was the first national veteran service organization (VSO) to launch a COVID-19 Emergency Financial Relief program in March 2020....

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Dream Makers Program Sees Record Month in May

Despite the COVID-19 pandemic and PCS delays, PenFed Foundation is seeing an increase in military families purchasing new homes right now. The Dream Makers program helped a record 30 military families buy their first home in May. The mission of the PenFed Foundation for Military Heroes is to empower military service members, veterans and their...

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Tax Provision May Help Small Business Owners and Employees

The IRC Internal Revenue Code, § 139. Disaster Relief Payments is a little-known tax code provision exempts certain payments from taxation during a disaster or terrorist attack. As a national emergency was declared which triggered the disaster provisions of the tax law, including this one—where both you and your employees can reap benefits during this...

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PenFed Foundation Announces Flagship Management as a Veteran Entrepreneur Investment Program Recipient

PenFed Foundation Veteran Entrepreneur Investment Program Invests in Flagship Management to Promote Veteran Jobs and Physical Therapy PenFed Foundation provides capital investment and support network to expand Flagship Management, a veteran-owned vendor of physical therapy equipment  TYSONS, Va., April 9, 2020 — Today, the PenFed Foundation is pleased to announce it has invested in Flagship...

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Pritzker Military Foundation matches up to $50,000 in COVID-19 Relief Donations

On Tuesday, March 17, the PenFed Foundation launched the COVID-19 Emergency Financial Relief Program open to all Veterans, Active Duty, Reserves and National Guard who are experiencing a financial setback due the COVID-19 pandemic. In four days, over 6,000 service members and veterans applied for help, which led to a temporary suspension in accepting applications....

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General Nicholson’s Message to Supporters on COVID-19

On March 17, 2020, the PenFed Foundation launched its COVID-19 Emergency Response program to help military and veterans affected by the COVID-19 crisis. In less than five days, the program received more than 6,000 applications, and we had to temporarily suspend accepting new applications. On March 23, 2020, General (Ret.) Nicholson, PenFed Foundation President, gave...

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Resources for Military/Veteran Community

To all of our Veterans and service members who have applied for the PenFed Foundation COVID19 emergency assistance program: The initial response to our program has been overwhelming with over 6000 applications in 4 days.  We appreciate your patience as we work through your applications and give each of them close attention.  We are doing our...

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Veteran Entrepreneur Director featured on ConnectingVets

Director Discusses the Effectiveness of Military Entrepreneurship Programs Seda Goff, Director of Veteran Entrepreneurs at the PenFed Foundation, taped an interview Wednesday with Phil Briggs, host of ConnectingVets/CBS Radio Eye on Veterans. View the live video here: ConnectingVets.radio.com. Her interview focused on a recent op-ed regarding her family’s experience with military entrepreneurship. View photos from the...

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Veteran Entrepreneur Investment Program Master’s Program

PenFed Foundation Launches Veteran Entrepreneur Investment Program Master’s Program Sponsored by SOSi Master’s Program will empower veteran entrepreneurs through an intensive program, mentorship and networking opportunities  TYSONS, Va., February 25, 2019 – The PenFed Foundation, the charitable arm of PenFed Credit Union, today announced the launch of the Veteran Entrepreneur Investment Program (VEIP) Master’s Program....

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