The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, announced it raised over $1.5 million at its 16th Annual Night of Heroes Gala held Oct. 24. All proceeds will support veterans, active military members and their families by helping them realize financial stability and opportunity.
The PenFed Foundation Night of Heroes Gala is the Washington Region’s premier fundraising event for our nation’s defenders. This is the 5th consecutive year the event raised over $1 million.
“Generous donors to the PenFed Foundation stepped up as the needs of our military community are more urgent than we’ve ever seen in our lifetimes,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “As a result of our generous donors, the PenFed Foundation is saving veterans from having their medical emergencies turn into financial emergencies; military families are realizing their dreams and moving into their first homes; and innovative veteran entrepreneurs are growing their businesses, creating jobs for more veterans, and driving our nation’s economy forward.”
This year’s gala focused on honoring the business, nonprofit and military leaders who support PenFed Foundation’s COVID-19 Emergency Financial Relief Program. SOSi proudly contributed $10,000 to the effort which assists community members facing immediate needs as a result of the pandemic.
“When we became the first national Veterans Service Organization to launch a COVID-19 relief program for emergency financial assistance back in March, we were overwhelmed with generosity from our supporters,” said PenFed Foundation President and retired U.S. Army Gen. John Nicholson. “We are thrilled to have the opportunity to honor these award recipients on behalf of the military community and to thank them for their role in the COVID-19 relief program.”
SOSi received special recognition for its steadfast support in launching PenFed Foundation’s Veteran Entrepreneur Investment Program Master’s Program. The program empowers veteran entrepreneurs with education, mentorship, networking, and financing opportunities. Click here to view SOSi President and CEO Julian Setian’s award acceptance video. A full list of award honorees is available here.
Those interested in supporting PenFed Foundation’s mission to help the military community and their support network are encouraged to visit penfedfoundation.org.
