PenFed Foundation Raises $834,633 for Veterans, Military Members and Families

Posted September 27 2017
by Press Release
PenFed Foundation Raises $834,633 for Veterans, Military Members and Families - PenFed Press Release - PenFed Foundation

Wounded Warriors, Business/Community Leaders Join Forces at Military Heroes Golf Classic Held at Congressional Congressional Country Club

TYSONS, Va., Sept. 27, 2017 – Military heroes who served in Afghanistan and Iraq joined business and community leaders to help raise a record $834,633 at the PenFed Foundation’s 14th annual Military Heroes Golf Classic at the legendary Congressional Country Club in Bethesda, Maryland. All proceeds go towards the PenFed Foundation which supports more than 35,000 veterans, active military members and their families each year. 

This year’s tournament attracted a record 92 corporate sponsors and veterans including numerous Purple Heart recipients. 

“As a nation, we can never fully repay our debt of gratitude to the service men and women who have fought to defend and preserve our great way of life,” PenFed Credit Union President and CEO James Schenck said at the tournament which took place September 25. “What we can do is provide them with the support and resources they need to live the life they deserve and to provide for their families. Your generosity and support at this event each year enables us to help thousands of veterans, active military members and their families get the financial support they need to do better each and every day.” 

PenFed President and CEO James Schenck (left) with Marine Corps Lt. Col. (ret.) Justin Constantine

“PenFed Credit Union and PenFed Foundation truly set the standard for how Corporate America can support our nation’s warriors.  Their annual Military Heroes Golf Classic is an amazing fundraiser that ultimately helps thousands of veterans each year,” said U.S. Marine Corps Lt. Col. (ret.) Justin Constantine. “I have played in this tournament several times and always feel buoyed and optimistic after the personal interactions all day long.” Constantine, who deployed to Iraq in 2006, was shot in the head by a sniper while on a routine combat patrol.  Although the original prognosis was that he had been killed in action, Constantine survived and earned the Purple Heart, Combat Action Ribbon and Navy-Marine Corps Commendation Medal for his service in Iraq.

"This is a terrific day. I cannot thank everyone enough for having us all together. It creates great comradery for a great program,” said U.S. Marine Corps Captain (ret.) Jason Haag.

Chairman Cody and Military Heros

PenFed Credit Union Board Chairman Ed Cody (center) with veterans Scott Allen, Matt Anderson, Nick Thom and Jason Haag.

The PenFed Foundation was founded in 2001 to fill the critical gaps that exist when it comes to helping military heroes and their caregiver heroes at home.  Donations enable the PenFed Foundation to fund its three main programs which help Military Heroes purchase a first home, manage through a temporary financial setback, and avoid predatory, pay-day lending.

Since it was created, the PenFed Foundation has provided more than $30 million of financial support to veterans, active military and their families.

James Schenck and foursome

On the 16th Tee, pictured left to right: veteran Matt Anderson, James Schenck, U.S. Army General (ret.) George Casey, 36th Chief of Staff of the U.S. Army, and Michael Kavka with Vulcan Materials Company.

To learn more about the PenFed Foundation and how you can give, please visit The PenFed Foundation's website.


About the PenFed Foundation

Founded in 2001, the PenFed Foundation is a national nonprofit organization committed to helping members of our military community secure their financial future. It provides service members, Veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, credit-building, home ownership, and short-term assistance. Affiliated with PenFed Credit Union, the Foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the Foundation’s personnel and most operational costs, demonstrating its strong commitment to the programs the Foundation provides. To learn more, visit:

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