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VA and PenFed Foundation work together to prevent veteran homelessness. 
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Military Heroes

Military Heroes

The Military Heroes Fund helps the wounded, ill and injured service members of Iraq and Afghanistan.
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ARK provides a no-interest alternative to predatory lending.
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Dream Makers

Dream Makers

The Dream Makers Program offers grants to first-time homebuyers.
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Learn More About the Foundation

Click below to see the work we do each day on behalf of service members, veterans, and their families.


Building the Future


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Text "DUTY" to 85944 to donate $10 to the PenFed Foundation. Reply 'yes' to confirm your donation.

One-time donation of $10 will be added to your mobile phone bill. Msg & data rates may apply. Available on Verizon Wireless, AT&T, Sprint, T-Mobile. Must be 18 or older and have authorization of account holder. Donations benefit The PenFed Foundation, collected by Innogive Foundation. Terms: Privacy policy: Text STOP to 85944 to stop; Text HELP to 85944 for help.

PenFed Foundation CEO Joins Fellow West Point Alumni at NASDAQ

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60 CEO's who graduated from West Point, including James Schenck, President & CEO of PenFed Credit Union and PenFed Foundation, attend NASDAQ closing bell ceremony in honor of Veterans Day.  

Click here to read more. 

Defenders Lodge Annual Palo Alto Night of Heroes Dinner


Thank you to everyone who joined us in honoring Secretary George P. Shultz with the American Hero Award for this year's Night of Heroes Dinner, benefiting the Lee & Penny Anderson Defenders Lodge. 

Click here to see a list of this year's sponsors. 

2015 Military Heroes Golf Classic


Thank you to all who attended and supported the militatry Heroes Golf Classic this year. The event was a huge success, raising over $570,000, thanks to all of our supporters. 

To see the listing of this year's sponsors click here. 

Innospec Proudly Supports Our Military Heroes Fund


Innospec, customers and suppliers demonstrate ongoing support for PenFed Foundation Military Heroes Fund. Nearly $70,000 was raised and donated to the Foundation as a result of a golf tournament hosted by Innospec in Colorado this August. To read more click here

How is the PenFed Foundation Different?

We create a pathway for our nation's defenders to secure a strong future through financial education, credit-building, home ownership, and short-term assistance. All of our programs include an element of financial education.

How You Can Help

Be a part of the The Lee & Penny Anderson Defenders Lodge.

We need your help to achieve our mission.  Make a direct donation to help us continue our programs serving the entire military community from service members and veterans along with their spouses and children. Help us help them build the strong financial future that they so deserve.

You can also donate stock to the PenFed Foundation either through a paper certificate or an electronic transfer with no transaction fees. To make a stock donation today, contact

Help Us Help Veterans

  • Avoid predatory payday lenders. Our ARK program helps active military who need a loan up to $500 with a fee of just $5.
  • Recover from an emergency. Our Military Heroes Fund gives emergency assistance to military members who have served since 2001 in Iraq or Afghanistan. 
  • Stay at a free hotel while receiving medical care. The Lee & Penny Anderson Defenders Lodge serves service members and veterans undergoing treatment at the Veterans Affairs hospital in Palo Alto, Calif. 
  • Buy their first home. Our Dream Makers program provides a $5,000 grant to first-time home buyers for their down payment and closing costs. . 

What You Can Do 

  • Join us at our next Night of Heroes, a black-tie gala held each spring to honor our military community.
  • Help us fight predatory lending!  We partner with credit unions across the country to offer the Asset Recovery Kit (ARK) program.
  • Partner with us to benefit military heroes at an event hosted by you or your organization.