Military Appreciation Month

This May we are celebrating Investing in Our Military Heroes for Military Appreciation Month. We’re proud to support veterans and service members everyday year round. Here are some of the ways we support veterans and service members:

“We are proud to celebrate military heroes through our programs and in collaboration with military supporters during Miltiary Appreciation Month. It’s important to remember the service and sacrifice members of the military and veterans make not only this month, but every month.”

PenFed Foundation President and retired Army General John W. Nicholson, Jr

The PenFed Foundation celebrates service members, veterans, military families and caregivers everyday through its ongoing programs: Veteran Entrepreneur Investment Program (VEIP), Military Heroes Emergency Financial Assistance, and Dream Makers Home Buying Assistance Program.

Programs coming up this month include the VEIP Ignition Challenge, sponsored by MidCountry Bank, for veteran entrepreneurs in Iowa, South Dakota, North Dakota, Minnesota, and Wisconsin. The Ignition Challenge is a competition in which entrepreneurs can identify their business impact and goals, compete for votes (online), and winners will receive funding and mentorship.

Also, on May 31, the PenFed Foundation will launch a student loan debt assistance initiative in partnership with student loan refinancing company Purefy to provide $100,000 in student loan relief to Black veterans in the Greater Washington area. To learn more, visit

The PenFed Foundation is proud to partner with generous supporters to make these initiatives possible. This Memorial Day, the Robert I. Schattner Foundation will provide a matching donation of $25,000 for all donations made to the PenFed Foundation. In addition, FCP Euro, a European car parts company based in Connecticut, will donate 5% of its sales over Memorial Day Weekend (May 28 – May 31) to the PenFed Foundation to support its programs.