Practice Everywhere, a veteran-owned online fitness platform, today announced the company will donate 30% of national new member sales during the month of October to the PenFed Foundation, up to $50,000. The donation will be used by the PenFed Foundation to provide members of the military community with emergency financial assistance, help veterans achieve the dream of homeownership and support investments in veteran entrepreneurs.
“We are very grateful for the generosity and spirit of giving back embodied by the Practice Everywhere team,” said PenFed Foundation President and retired U.S. Army Gen. John “Mick” Nicholson Jr. “Not only do they give back to the community with the healing power of yoga, they also employ a large number of veterans and military spouses. Their donation this October will play a big role in empowering other military members, veterans and caregivers with financial stability and opportunity.”
In 2019, Suzie Mills, co-founder of Practice Everywhere and a United States Air Force veteran, became PenFed Foundation’s first female Veteran Entrepreneur Investment Program (VEIP) investment recipient. VEIP has a three-pronged approach to create a robust network for veteran-owned start-ups and businesses:
- Investment of seed capital, providing access to other capital investment programs and connecting entrepreneurs to funders;
- Preparation through the Master’s Program, a year-long fundraising accelerator; and
- Education through virtual and in-person Pop-Up Lab workshops.
The PenFed Foundation started VEIP to help veteran entrepreneurs overcome their biggest challenges: lack of access to capital and a network of support.
Practice Everywhere is available nationwide, and offers a range of classes, meditations, live events and recordings from some of the best studio-based yoga and movement teachers around.
"We are grateful to the PenFed Foundation in supporting Practice Everywhere, especially now,” said Mills. “Your support, by signing up for a membership to Practiceeverywhere.com, will help you feel healthier body, mind and soul, and best of all it pays forward by helping veterans, military spouses and small business owners thrive in a moment when they need it most."
The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, was created in 2001 and, since then, has provided more than $38.5 million in financial support to veterans, active-duty service members, families and caregivers.
In March 2020, PenFed Foundation became the first national Veterans Service Organization (VSO) to launch a COVID-19 relief program providing emergency financial assistance for veterans and service members. To date, 1,062 military families have been helped with COVID-19 emergency financial relief since March 17.
Those interested in supporting the PenFed Foundation's mission to help the military community and their support network are encouraged to visit penfedfoundation.org.
