Be a Hero to a Military Hero




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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. Since 2001, the PenFed Foundation has provided more than $38.5 million in financial support to more than 140,000 military families. Thanks to the generosity of the PenFed Credit Union which pays the majority of Foundation overhead, more than 95% of each donation goes directly to support our programs.

Our affiliation with PenFed Credit Union gives us the resources to reach military and veteran communities across the country. But we need your support to continue delivering our wide range of programs and services. Learn more about our programs and see how you can make a difference.


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Build a Business

The Veteran Entrepreneur Investment Program (VEIP) provides veteran-owned companies the resources and network they need to access capital to build and grow their businesses. We do this through three strategies:

Education. Entrepreneurship training in the form of Pop-Up Labs – webinars, workshops and boot camps presenting topics that focus on accessing capital.

Preparation. The Master’s Program, presented by SOSi, prepares growth stage, veteran-owned startups to raise investor funds to scale their companies and tackle the challenge of access to capital.

Investment. The VEIP Investment Fund supports veteran founders with the capital they need to succeed by investing seed capital, and providing access and connection to other capital investment programs and investors.

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Prevent a crisis

Military families consistently list financial issues as their top stressor. The Emergency Financial Assistance program addresses the unique financial stressors faced by service-disabled post-9/11 combat veterans and their caregivers. Here’s how:

Emergency Financial Assistance. We provide temporary emergency financial assistance for rent, mortgage, utilities or car payments to prevent a near term challenge from becoming a lifechanging crisis.

Caregiver Support. We support caregivers with childcare assistance and short-term educational expenses.

Financial Education. Financial literacy counseling with each beneficiary builds future financial stability.

Emergency Response. We also provide emergency financial assistance in response to events such as the 2017 hurricanes in Puerto Rico and the 2019 government shutdown. In 2020, we were the first national veterans service organization to launch a COVID-19 emergency financial relief program. We help those still in uniform to focus on their duty free of financial worry and our veterans to realize the financial stability and opportunity that they deserve after serving our Nation.

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Have a Home

The Dream Makers program helps our nation’s heroes by providing assistance towards down payment and closing costs for the purchase of a home. As the only nonprofit home buying assistance program that serves military members and veterans nationwide and one of only a few VA-approved down payment assistance programs, Dream Makers helps low-income military families purchase their first home. In 2019, we helped over 200 realize financial opportunity through the dream of home ownership.

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