ALEXANDRIA, Va.— The PenFed Foundation said it received a $300,000 donation from DAV (Disabled American Veterans) Charitable Service Trust to support its Military Heroes Fund Emergency Financial Assistance program.
The Military Heroes Fund has provided financial counseling and over $1.66 million to more than 1,500 veterans experiencing a short-term financial emergency since the start of the partnership in 2015.
“We are committed to taking care of those who courageously serve our country by providing them with the skills and resources they need to build strong financial futures,” said Mark Smith, PenFed Foundation Acting Chief Operating Officer. “DAV is a great partner and this donation will help us to change the lives of even more military heroes.”
PenFed Foundation and DAV launched their partnership, The Military Heroes Fund Disabled Veterans Emergency Financial Assistance program, in 2015 to help veterans tackle short-term and immediate financial setbacks and get back on their feet. Grants are used to cover payment of rent, mortgage, utilities, auto loans and auto insurance.
DAV, a nonprofit charity that provides a lifetime of support for Veterans of all generations and their families, connects Veterans with the needed relief through its benefits counselors. The Trust has granted the PenFed Foundation Military Heroes Fund an additional $500,000 in donations since 2015.