The PenFed Foundation is a nationally recognized nonprofit organization working to meet the unmet financial needs of military members and their families through supporting wounded warriors and providing the military community with financial management assistance and home ownership aid. Through a unique public-private partnership, the PenFed Foundation joined with the Department of Veterans Affairs to fund the new Lee and Penny Anderson Defenders Lodge, a $17 million project. PenFed (Pentagon Federal Credit Union) covers all labor expenses for the foundation so nearly every dollar donated goes directly to supporting its programs.