MILITARY HEROES ASSISTANCE

The Military Heroes Program provides financial assistance to meet the individual and
collective needs of our military community. We provide high-impact financial assistance to prevent a significant crisis or improve quality of life for veterans. In 2011, the PenFed Foundation embarked on a $17 million partnership with the U.S. Department of Veterans Affairs to open a lodge to provide home and respite to veterans and their families undergoing outpatient treatment at the Palo Alto, CA, VA Medical Center. The Lee and Penny Anderson Defenders Lodge opened in 2014 and has provided more than 140,000 free nights' stay to military families since then. We provide emergency response to crises. In 2017, we provided emergency financial assistance to victims of hurricanes in Puerto Rico. In 2020, we were the first VSO to provide COVID-19 relief for veterans and service members affected by the pandemic.

ACCESS TO CAPITAL & EDUCATION

In 2018, Veteran Entrepreneur Investment Program (VEIP) was launched as part of the PenFed Foundation's mission to provide financial opportunities for veterans. VEIP has a three-pronged approach to create a robust network for veteran-owned start-ups and businesses Educate. VEIP provides entrepreneurship training through workshops and webinars, covering topics such as Start-up Financials, Pitch Preparation, and Types of Funding. Prepare. VEIP's Master's Program is a year-long fundraising accelerator that prepares growth-stage, veteran-owned start-ups to raise investor funds.

ALLY REFUGEE SUPPORT

In 2021, the PenFed Foundation launched the Afghan Rescue and Resettlement Program (ARRP) to support our nation's Afghan refugee allies. We provide food, clothing, housing transportation, childcare, and other essentials to vetted Afghan families who bravely fought alongside US service members as they resettle in the United States. The program has a focus on resettling Afghan women and their families who worked alongside U.S. Army women soldiers through the Army's Cultural Support Team (CST). We've helped 48 families resettle in the United States.