PenFed Foundation Celebrates Veterans and Raises Over $1.3 Million for Transition Programs

On April 16, 2026, the PenFed Foundation for Military Heroes held a notable event called the Celebration of Service at the Steven F. Udvar-Hazy Center, located in Chantilly, Virginia. This national nonprofit organization is dedicated to assisting veterans in their journey from military service to civilian success. The event raised an impressive $1.3 million, highlighting the Foundation's commitment to empowering those who have served their country.

Co-emceed by CNN correspondent Pete Muntean and PenFed Foundation President Andrea McCarren, the evening was a tribute to exceptional leaders and organizations that have made significant contributions to the military, veteran, and aviation communities. Among the honored guests was Ross Perot Jr., Chairman of The Perot Companies, who was recognized for his remarkable dedication to service. Perot's illustrious career includes his completion of the first helicopter flight around the world in under 30 days, as well as his role in constructing the U.S. Air Force Memorial. He also lends his expertise to significant boards, enhancing the business landscape further.

Another notable honoree was Heather 'Lucky' Penney, a former F-16 fighter pilot. Recognized with the Military Hero Award, Penney is celebrated not only for her military accomplishments but also for her efforts to advocate for women in aviation. With multiple deployments to Iraq and a pivotal role on September 11, her story is one of resilience and inspiration in the face of adversity.

The event also featured the presentation of grants totaling $25,000 to organizations positively impacting veterans and their communities. One such recipient was the RedTail Flight Academy, which received the Community Service Award. Established in honor of the Tuskegee Airmen, this nonprofit has dedicated 25 years to mentoring over 3,000 students in aviation and leadership, creating pathways for future aviators and mechanics.

Similarly, the Achilles Freedom Team was celebrated with the Military Advocacy Award. Since 2004, this initiative has enabled veterans with disabilities to engage in running events, fostering community, resilience, and an active lifestyle. The team members have collectively crossed more than 3,300 start lines, completing an impressive distance of over 75,000 marathon race miles.

Throughout the night, McCarren emphasized the Foundation's mission to empower veterans and provide the necessary tools and resources to facilitate successful transitions to civilian life. She stated, 'We are honored to celebrate these inspiring leaders and organizations who truly embody the spirit of service. Their dedication uplifts the military, veteran, and aviation communities, and each honoree makes a lasting impact.' The PenFed Foundation for Military Heroes, founded in 2001, has provided over $55 million in support, ensuring that donations are used efficiently by covering operational costs through PenFed Credit Union.

As the evening concluded, the atmosphere was bustling with a collective appreciation for the honorees and the shared commitment to serving those who serve. The PenFed Foundation continues to embody this commitment by fostering community connections, providing valuable support, and honoring those who dedicate their lives to the service of others.

Topics People & Culture)

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