PenFed Foundation Raises over $675,000 for troops and veterans
Charitable golf tourney at Congressional Country Club attracts record 75 sponsors
TYSONS, VA (September 29, 2016) — The PenFed Foundation enlisted the help of 75 corporate and community partners to raise more than $675,000 for troops, veterans, and their families with its annual Military Heroes Golf Classic at Bethesda, Maryland’s legendary Congressional Country Club.
When asked what inspired the efforts to make a difference in the lives of our nation’s defenders, the PenFed Foundation’s volunteer President and CEO James Schenck said, “We can never fully repay the debt of gratitude owed to our troops, veterans, and their families. What we can do is provide programs that help them do better each and every day. The moneywe raise for the PenFed Foundation helps military heroes overcome financial emergencies, afford needed medical expenses, and move off the streets into safe accommodations.”
Summing up lessons learned from the golf tournament, Schenck said, “The outpouring of support for our nation’s defendersis our way of showing these military heroes that the citizens of a grateful nation have not forgotten their service and sacrifices. I was honored to play a round of golf with a double amputee who loves America and is very proud to have served our nation as a Marine. This experience truly touched me and everyone who was able to meet this extraordinary public servant. It reinforced the importance for all of us to support noble causes that help our active duty service members, veterans, and their families.”
PenFed Foundation Chairman Fred Pang said, “Our sponsors and participants joined together as an Ohana for this event. Ohana is a Hawaiian word that means ‘family.’ The PenFed Ohana gave selflessly and generously to support a very special community in our country—our men and women in uniform and their families, who protect and sustain our American way of life.”
The PenFed Foundation’s volunteer Executive Director Tammy Darvish led efforts to recruit 60 volunteers, who organized 300 golfers into morning and afternoon rounds on one of America’s most treasured golf courses. Dozens more PenFed Credit Union executives and managers volunteered to make fundraising calls to recruit 75 sponsors. Volunteers also staged a VIP dinner for top supporters.
“Our corporate partners are overwhelmingly generous when we ask them to support the troops,” said Darvish. “But a successful golf tournament requires more than money. It requires people who are truly committed. Our sponsors, volunteers,board members, and the exceptional staff at Congressional Country Club came together to support a cause that is greater than all of us.”
PenFed Credit Union provides $1.5 million annually to the PenFed Foundation. This annual disbursement covers 100% of the foundation’s personnel costs and most of its operating expenditures. As a result, the PenFed Foundation will be able to channel the majority of the golf tournament’s proceeds to directly benefit the military community it serves.
From Left: U.S. Marine Corps veteran Nick Thom and PenFed Foundation President and CEO James Schenck.
About PenFed Foundation
Founded in 2001, The PenFed Foundation is a national nonprofit organization that supports veterans in their transition from service to success. Affiliated with PenFed Credit Union, the Foundation has provided more than $55 million in financial support to veterans, active-duty service members and military families. The credit union funds the Foundation's personnel and most operational costs, allowing 99% of incoming donations to go directly to our programs. To learn more, visit www.penfedfoundation.org.
