PenFed Foundation Boosts Local Veterans with $25,000 Grant for Financial Assistance Programs

PenFed Foundation Provides Vital Support for Veterans in Need

In an important move to bolster support for military veterans facing financial difficulties, the PenFed Foundation for Military Heroes has announced a generous $25,000 grant to the Northern Virginia Vietnam Veterans Foundation (NVVVF). This funding is set to enhance emergency financial assistance initiatives that are crucial for veterans and their families living in Northern Virginia.

Enhancing Emergency Relief for Veterans

Founded in 2025, the NVVVF operates as the fundraising arm of the Vietnam Veterans of America (VVA) Chapter 227. Renowned for its dedication and action-oriented approach, this organization has prioritized the welfare of veterans by ensuring that every dollar raised goes straight to the individuals who need it most, with zero salaries or administrative costs. The newly acquired grant will significantly contribute to costs associated with essential needs, ranging from housing and utility payments to vital transportation and car repairs. These necessities are often the difference between stability and crisis for many veterans.

James Schenck, President and CEO of both PenFed Credit Union and the PenFed Foundation for Military Heroes, expressed pride in supporting local organizations like NVVVF. Schenck emphasized, "This partnership represents our commitment to providing rapid, hands-on assistance to veterans in their communities, fostering stability and hope during challenging times."

A Partnership Built on Action

The partnership between PenFed Foundation and NVVVF exemplifies a strong community approach towards veterans' support. The PenFed Foundation's Military Heroes Program is designed to empower nonprofits like NVVVF that directly provide crucial assistance to veterans and their families experiencing crises. The unique structure of NVVVF allows them to mobilize quickly by working closely with local posts of the American Legion and Veterans of Foreign Wars (VFW), as well as various veteran service offices and county coalitions across Fairfax, Loudoun, and Prince William counties.

Andrea McCarren, President of the PenFed Foundation for Military Heroes, stated, "We believe that supporting veterans means standing with them during their toughest moments. NVVVF embodies the spirit of the veteran community by providing compassionate and effective local services to those in need."

Preserving a Legacy of Service

Created by veterans of the Vietnam era, NVVVF aims to uphold the nearly four-decade legacy of service established by Chapter 227. The organization acts swiftly in providing emergency financial aid, thereby preventing short-term challenges from evolving into long-term hardships. Don Drunsic, President of NVVVF, remarked, "With PenFed's generous support, we are empowered to help more veterans remain in their homes, manage essential bills, and rebuild their lives. Together, we strive to ensure that no veteran in Northern Virginia is forgotten or left behind."

About the PenFed Foundation for Military Heroes

Established in 2001, the PenFed Foundation for Military Heroes is a national nonprofit that assists veterans during their transition from military service to civilian life. As a strong advocate for veterans and their families, the Foundation has successfully provided over $55 million in financial support. PenFed Credit Union’s commitment to covering administrative costs means that contributions can directly benefit veteran programs.

For those looking to find out more about how to support veterans in need, additional information can be found on the PenFed Foundation's official website at www.penfedfoundation.org.

In conclusion, the recent grant by the PenFed Foundation not only underscores its ongoing commitment to veterans but also demonstrates a proactive approach in ensuring that essential resources are accessible, allowing those who have served this nation to thrive in their everyday lives.