# PenFed Foundation Veteran Entrepreneur Investment Program

PenFed Foundation Veteran Entrepreneur Investment Program is a Private Equity based in McLean, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** McLean, United States
- **Region:** North America
- **Address:** McLean, VA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** veip.penfedfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/the-penfed-foundation

## Regulatory record

- **Reports private funds:** No

## About

The PenFed Foundation supports service members as they transition to civilian life, empowering them to find their purpose after the military and realize their potential. Through our Military Heroes Program, we award high-impact community grants as well as individual grants that celebrate the leadership and selfless service of military members. We also support veteran and military spouse entrepreneurs through our Veteran Entrepreneur Program (VEP), which provides expert-led training, mentorship, and networking opportunities—all at no cost to participants. PenFed Credit Union covers most of the administrative costs and salaries of The PenFed Foundation, so nearly every dollar donated goes directly to our mission.

## Questions

### Where does the investment capital come from?

Capital originates from charitable donations to the PenFed Foundation. PenFed Credit Union covers all personnel and administrative costs, so donor contributions flow directly into programs, including the Veteran Entrepreneur Investment Program.

### What stages and sectors does the program target?

The website describes a mandate spanning idea-stage, seed, start-up, and expansion rounds through Series A and beyond, all under a venture-general banner. Specific sector focuses and portfolio names have not been made public by the Foundation.

### Does the program charge fees or take carried interest?

The Foundation states that its veteran-entrepreneur services are delivered free of charge. Because the investment vehicle operates within a grant-funded nonprofit, standard venture-capital fee structures do not appear to apply.

### How is the Veteran Entrepreneur Investment Program related to PenFed Credit Union?

The PenFed Foundation was created by Pentagon Federal Credit Union in 2001. The credit union funds the Foundation’s personnel and most operational costs, while the Foundation operates as a legally separate 501(c)(3) nonprofit.

## Related profiles

- [Pendleton Financial](https://altss.com/profile/pendleton-financial-wealth-management)
- [PENG Capital](https://altss.com/profile/peng-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/penfed-foundation-veteran-entrepreneur-investment-program

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology