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04/17/2026 /Funding Events

PenFed Foundation Raises Over $1.3 Million to Support Veterans at Celebration of Service

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The PenFed Foundation for Military Heroes has successfully raised more than $1.3 million at its Celebration of Service event. This annual gathering, hosted at the iconic Steven F. Udvar-Hazy Center in Chantilly, Virginia, recognized and honored exceptional individuals, organizations, and advocates who have made significant contributions to the military, veteran, and aviation communities. The event, co-emceed by Pete Muntean and Andrea McCarren, celebrated the generosity and patriotism of donors supporting veterans.

 

During the ceremony, The PenFed Foundation for Military Heroes presented awards and $25,000 grants to veterans and organizations that have positively impacted their communities. President/CEO of PenFed Credit Union and CEO of The PenFed Foundation for Military Heroes, James Schenck, expressed pride in the Foundation's ongoing dedication to serving veterans and extended appreciation to donors.

 

Andrea McCarren, president of The PenFed Foundation for Military Heroes, praised the inspiring leaders and organizations honored at the event, emphasizing their uplifting influence on the military, veteran, and aviation communities. The Foundation's commitment to empowering veterans in their transition to civilian life was highlighted, with McCarren affirming that the contributions of the awardees align with the Foundation's mission of facilitating successful transitions for service members. 

 

Founded in 2001, The PenFed Foundation for Military Heroes continues to provide substantial support to veterans, active-duty service members, and military families. The Foundation's close association with PenFed Credit Union ensures that a significant portion of donations directly contributes to their programs. More information about The PenFed Foundation for Military Heroes and its initiatives can be found at www.penfedfoundation.org.

 

Source: PR Newwire

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