Funds to help meet growing need of military personnel and their families
September 20, 2012, Alexandria, Va.−The Pentagon Federal Credit Union Foundation (PenFed Foundation), a nationally recognized nonprofit organization working to meet the unmet needs of military personnel and their families, announced today it raised more than $315,000 at its Ninth Annual Military Heroes Golf Classic, which took place at the Robert Trent Jones Golf Club on Monday in Gainesville, Va., with over 150 players.
“This year’s tournament broke our record for money raised to help service members and veterans,” said Christopher Flynn, president of the PenFed Foundation. “Our donors should feel good about the help the money they raised will do, even if they didn’t win the hole-in-one competition.”
The money raised will go towards supporting the foundation’s programs to help provide wounded service members with free day care while undergoing medical treatment, give no-interest loans to service members in emergency situations and offer military personnel and their families grants for down payments and closing costs when buying their first home.
This year, money raised at the tournament will also help build the $11 million Defenders Lodge, which is spearheaded by the foundation and currently under construction to be completed in 2013. It will be a home away from home for injured veterans seeking care at the Veterans Affairs hospital in Palo Alto, Calif. At present, many veterans have to drive long distances to find a suitable hotel to stay at before major surgeries.
The more than $315,000 raised came from corporate sponsorships and pledges, ticket sales, and an auction that the foundation held online and at the event. Event organizers from the foundation say this year’s golf tournament would not have been possible without the generous support of their sponsors including PenFed Realty, Route 66 Extended Warranty, Epic Real Estate Solutions, American Express, Allied Solutions, and PSCU.
“The tournament was a great day of golf with a great group of people,” added Flynn. “But at the end of the day, what really matters is that we were doing good for those who defend our nation and protect our freedom.”***
About the Pentagon Federal Credit Union Foundation (PenFed Foundation)
The PenFed Foundation is a nationally recognized nonprofit organization working to meet the unmet needs of military personnel and their families through supporting wounded soldiers, providing financial management assistance and home ownership aid. The foundation is also the primary sponsor of the new $11 million Defenders Lodge supported by donated land from the government and financed entirely through private donations. The Pentagon Federal Credit Union covers all labor expenses for the foundation so every dollar donated goes directly to supporting its programs.
To make a donation or learn more about the foundation visit: http://www.penfedfoundation.org.
Sean P Eagan
Former Chairman American Cold War Veterans