PenFed Foundation Donates $25,000 to Dog Tag Inc. to Support Veteran Entrepreneurs and the Military Community
TYSONS, Va., August 16, 2018 — The PenFed Foundation today announced a $25,000 donation to Dog Tag Inc. (DTI) to support veteran entrepreneurs and the military community through the organization’s innovative five-month business and entrepreneurship-focused fellowship program.
“We are proud to support Dog Tag Inc.’s fellowship program because it empowers transitioning service-disabled veterans, military spouses, and caregivers to discover personal and professional fulfillment in the civilian world,” said Bruce Kasold, acting President and COO of the PenFed Foundation. “The program aligns perfectly with our Foundation’s commitment to help members of the military community secure their financial future.”
DTI program fellows work towards earning a Certificate in Business Administration from Georgetown University’s School of Continuing Studies while gaining real life work experience in the organization’s small business venture, Dog Tag Bakery.
“Since its inception, the PenFed Foundation has positively impacted the lives of service members, veterans, and their families through their innovative programming and financial support of military and veteran service organizations,” said Meghan Ogilvie, CEO of Dog Tag Inc. “Dog Tag Inc. is proud partner with the PenFed Foundation. With their support, we can empower more veterans and military families to thrive, both personally and professionally, post-service.”
Since it was created in 2001, the PenFed Foundation has provided more than $30 million in financial support to veterans, active duty service members, families and caregivers. Through its Military Heroes Program, the Foundation serves those who have served and sacrificed for the nation by providing assistance to purchase a first home, manage through a temporary financial setback, and avoid predatory, pay-day lending.
Additionally, through its new Veteran Entrepreneur Investment Program (VEIP), the Foundation leverages its capital and influential networks to help specially selected and qualified veteran entrepreneurs succeed in business. Through VEIP, the Foundation will provide veteran-owned start-ups with seed capital to build and grow their businesses, create a robust network for veteran-owned businesses to succeed and enable the PenFed Foundation to perpetually re-invest returns in future veteran-owned businesses.
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 www.penfedfoundation.org.