PenFed Foundation's Annual Event Raises Significant Funds for Veterans

PenFed Foundation Achieves Major Fundraising Milestone

Tee times began with the breathtaking display of America's finest skydivers, who descended onto the golf course in honor of 9/11 victims. This memorial, marked by patriotism and remembrance, set the tone for a day dedicated to supporting veterans and their families.

During this year’s Military Heroes Golf Classic, the PenFed Foundation, a well-respected national nonprofit organization, successfully raised over $1 million, a remarkable achievement for its 21st annual event. The foundation, established by PenFed Credit Union, has been tirelessly dedicated to providing critical support for the military community.

Emphasis on Honor and Sacrifice

The day started with an emotional tribute, where special operations skydivers descended onto the course, proudly displaying the American and Purple Heart flags. The ceremony was led by notable figures, including PenFed Credit Union EVP Maura Watson and Army Col. (Ret.) Philip F. Romanelli, both of whom participated in the skydiving tribute.

James Schenck, President and CEO of PenFed Foundation, expressed the foundational belief of the organization: "Freedom isn’t free. Over 248 years, the brave servicemembers of America's Armed Forces have fought 12 wars to defend our freedom. The success of our tournament enables us to continue taking care of our nation's veterans. At PenFed, we never forget.”

Success Through Community Engagement

The enthusiasm and dedication of volunteers and donors have been the backbone of PenFed Foundation’s endeavors. Andrea McCarren, the Foundation's President and SVP at PenFed Digital, noted, "We are thrilled to have raised over $1 million at the Military Heroes Golf Classic this year. This event underscores our commitment to supporting military heroes who have made incredible sacrifices for our nation."

Thanks to sustained efforts over more than two decades, the PenFed Foundation has given financial assistance in excess of $55 million, impacting over 150,000 military families across the nation. This support plays a critical role in their transition to civilian life.

Honoring Long-Term Partnerships

During the preceding dinner event, significant partnerships within the community were acknowledged. Innospec’s President and CEO Patrick Williams and Oilfield Services President Tom Entwistle were recognized for their longstanding commitment to the PenFed Foundation. Their impactful contribution of more than $2 million since 2007 has been pivotal in creating opportunities for many veterans.

Marine Corps veteran Richard Casper, recognized for his co-founding role at CreatiVets, also received a $25,000 grant to support his initiative aimed at empowering veterans through creative outlets, such as songwriting. The event also featured a performance by Scotty Hasting, a veteran country music artist and Purple Heart recipient, adding to the evening's heartfelt tributes.

A Bright Future Ahead

This event not only raised necessary funds but also reinforced a sense of community support for military families. The commitment shown by the PenFed Foundation, along with the collective energy from both participants and sponsors, assures a hopeful trajectory for future initiatives. Edward Cody, Chairman of the PenFed Foundation Board, and Kevin Wiles, President of Berkshire Hathaway Homes Services PenFed Realty, co-chaired the event, which once again showcased the power of community in making a difference.

About the PenFed Foundation

Founded in 2001, the PenFed Foundation stands as a beacon of hope for veterans transitioning from military service. With over $55 million invested in aid for veterans and military families, their mission reflects a profound commitment to ensuring that more donors’ contributions directly benefit their programs. Through the support of PenFed Credit Union, all administrative costs are covered, allowing the foundation to focus its resources on providing life-changing assistance to those who have served.

Frequently Asked Questions

What was the primary goal of the Military Heroes Golf Classic?

The main goal was to raise funds to support veterans and their families through the efforts of the PenFed Foundation.

How much money was raised at the event?

Over $1 million was raised during this year’s event, which will contribute to various programs supporting military families.

Who participated in the skydiving tribute at the event?

Special operations warriors from the armed forces participated, along with prominent figures from PenFed Credit Union.

What support does the PenFed Foundation provide?

The foundation offers financial assistance and resources for veterans transitioning to civilian life, totaling over $55 million in support so far.

How has Innospec contributed to the PenFed Foundation?

Innospec has provided over $2 million in support, recognizing the importance of partnership in aiding military families.

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