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The Pentagon Federal Credit Union Foundation

Public charity · Grantmaker Alexandria, VA EIN: 54-2062271 Website

The Pentagon Federal Credit Union Foundation is a public charity based in Alexandria, Virginia. Founded by Pentagon Federal Credit Union in 2001, it says its mission is to champion the military through investment, advocacy, and outreach.

Key facts about The Pentagon Federal Credit Union Foundation

In short: The Pentagon Federal Credit Union Foundation gave $1.0M across 40 grants in 2024 (avg $26K), top state Virginia. Source: 2024 IRS Form 990.

EIN
54-2062271
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$1,022,000
Grants made (2024)
40
Average grant
$25,550
Median grant
$25,000
Total assets
$11,395,752
Primary geography
Virginia (24% of itemized 2024 grant dollars)
Deadline
The high-impact community grant information says its 2025 grants had already been awarded and advises checking for…

Data from IRS Form 990, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$11.4M

+33.5% YoY

Annual Giving

$1.0M

+112.8% YoY

Grant Count

40

+233.3% YoY

Avg Grant Size

$26K

-36.2% YoY

How The Pentagon Federal Credit Union Foundation gives

  • 5% of 2024 grantees were also funded in 2023. Method

Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated October 2026.

Mission & Focus Areas

The Foundation’s stated mission is to champion the military through investment, advocacy, and outreach. Its 2024 filing describes the Military Heroes Program as funding projects with a significant positive impact on military communities, helping individuals experiencing life-changing emergencies, and supporting allies through an Afghan refugee resettlement program. The filing describes the Veteran Entrepreneur Investment Program as providing veteran and military spouse entrepreneurs with education, mentorship, and connections to capital.

The 2024 grants illustrate support for a range of organizations serving military communities. For example, The COMMIT Foundation says it helps people who have served and their families make purposeful transitions; NextOp says it prepares enlisted service members and veterans for civilian careers; and Warriors & Quiet Waters Foundation says it supports post-9/11 combat veterans and their loved ones through nature-based experiences and programs. These are the grantees’ descriptions of their own missions.

Grantmaking

In filing year 2024, the Foundation reported 40 grants totaling $1,022,000. Grants ranged from $7,500 to $50,000, with a median of $25,000. In 2023, it reported 12 grants totaling $480,227. Its 2022 filing listed no grants.

Among the largest reported 2024 awards were $50,000 each to Force Blue, Green Beret Foundation, NextOp, SMART Heroes Foundation, The COMMIT Foundation, and Warriors & Quiet Waters Foundation. Other awards included $42,500 to Veterans One-Stop Center of WNY and $35,000 each to The Aleph Institute and Travis Manion Foundation.

The Foundation’s filing says grant requests must be submitted through its online grant portal. Recipients sign grant agreements and are asked to provide follow-up information on how funds were spent and the project or grant’s overall success. For the Military Heroes Program’s high-impact community grants, the program information describes an initial letter of inquiry, with full proposals by invitation.

The Veteran Entrepreneur Program provides education, mentorship, networking, and business resources to participating entrepreneurs; the website describes it as a free program that takes no equity in participants’ businesses.

Review Cycle

The high-impact community grant information says its 2025 grants had already been awarded and advises checking for updates on 2026 opportunities.

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3 open opportunities from The Pentagon Federal Credit Union Foundation

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Geographic Focus

Where this funder awards grants

The Foundation describes its work as reaching military communities across the nation. Its Military Heroes Program is listed as serving the United States, with a focus on military communities. In 2024, the largest shares of grant dollars went to recipients in Virginia (24%), Texas (13%), Montana (10%), New York (7%), and Florida (6%).

Grant Distribution by State

21states

Share of 2024 grant dollars across all 40 itemized grants.

Cities

AlexandriaHoustonArlingtonBozemanSan DiegoVistaAuburnBaltimoreBlacksburgBuffaloChicagoCopperas CoveCortlandCovingtonDoylestownDuluthDuPontFairfax StationFalls ChurchFishers

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M0 grants2020 0 grants2021 Total only2022 12 grants2023 40 grants2024

From 2022 to 2024, annual grant giving ranged from $480K (2023) to $2.5M (2022). In 2024 it made 40 grants totaling $1.0M.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Force Blue Inc: $50KForce Blue Inc$50KGreen Beret foundation: $50KGreen Beret foundation$50KNextOp Inc: $50KNextOp Inc$50KSMART Heroes Foundation: $50KSMART Heroes Foundation$50KThe COMMIT Foundation: $50KThe COMMIT Foundation$50KWarriors & Quiet Waters Foundation: $50KWarriors & Quiet WatersFoundation$50KVeterans One Stop Center WNY: $43KVeterans One Stop Center WNY$43KThe Aleph Institute INC: $35KThe Aleph Institute INC$35KTravis Manion Foundation: $35KTravis Manion Foundation$35KPritzker Military Museum & Library: $30KPritzker Military Museum &Library$30K

The largest 2024 recipient was Force Blue Inc ($50K). Together the top 10 received $443K.

Grant Size Distribution

52 grants across all recorded years

39<$50K12$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 39 grants of 52 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Force Blue Inc Mount Pleasant, SCOngoing charitable support$50,000
Green Beret foundation Montgomery, TXOngoing charitable support$50,000
NextOp Inc Houston, TXOngoing charitable support$50,000
SMART Heroes Foundation Falls Church, VAOngoing charitable support$50,000
The COMMIT Foundation Bozeman, MTOngoing charitable support$50,000
Warriors & Quiet Waters Foundation Bozeman, MTOngoing charitable support$50,000
Veterans One Stop Center WNY Buffalo, NYOngoing charitable support$42,500
The Aleph Institute INC Surfside, FLOngoing charitable support$35,000
Travis Manion Foundation Doylestown, PAOngoing charitable support$35,000
Pritzker Military Museum & Library Chicago, ILOngoing charitable support$30,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $11,395,752 $3,252,682 $2,260,393 $1,022,000
2023 $8,534,940 $3,288,623 $2,618,884 $480,227
2022 $8,671,732 $7,823,201 $4,296,875 No grants reported
Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$11,395,752$8,534,940$8,671,732
Revenue$3,252,682$3,288,623$7,823,201
Expenses$2,260,393$2,618,884$4,296,875
Net Investment Income$134,331$107,106$24,624

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS January 8, 2024)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2025)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Deborah Lee James as Chairwoman, James Quinn as Vice Chair, and Sandra Patricola as Secretary/Treasurer. Directors listed were David Barondess, Edward B Cody, Doug Doan, John Flynn, Pete Hilger, Alfred Rudolph, and Katherine Watson, who was listed as Director of Philanthropy.

The Pentagon Federal Credit Union Foundation is led by Andrea McCarren, President on the 2024 filing; none of the 11 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Andrea McCarren

    President

    New on the 2024 filing

    37.5 hrs/week

    No compensation reported

  • Deborah Lee James

    Chairwoman

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Alfred Rudolph

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Edward B Cody

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • David P Barondess

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Katherine Watson

    Director of Philanthropy

    On filings since 2023

    37.5 hrs/week

    No compensation reported

  • Doug Doan

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • John Flynn

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Pete Hilger

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Sandra Patricola

    Secretary & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • James Quinn

    Vice Chair

    Director → Vice Chair, 2024

    On filings since 2023

    1.5 hrs/week

    No compensation reported

Former officers (10)
  • Former: David Clark (2020–2023) — Vice President Foundation Operations
  • Former: Fred B Caprio (2020–2023) — Vice Chair
  • Former: Jim Dinegar (2020–2023) — Director
  • Former: Scott Davis (2023) — Director & Vet Entrepreneurship
  • Former: Col Ret James F. Quinn (2020–2022) — Director
  • Former: Seda Goff (2020–2022) — Director & Veteran Entrepreneurs · Filing note: Thru 10/2022
  • Former: James C Dinegar (2022) — Director
  • Former: GEN John W Nicholson Jr. (2020–2021) — President
  • Former: Maren Brooks (2020–2021) — Chief Operating Officer
  • Former: Tamara O'Neil (2020–2021) — Chief Development Officer

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 2930 Eisenhower Avenue, Alexandria, VA 22314
Phone: (703) 838-1200
Website: https://penfedfoundation.org

Frequently asked questions about The Pentagon Federal Credit Union Foundation

How much does The Pentagon Federal Credit Union Foundation give each year?

The Pentagon Federal Credit Union Foundation gave $1.0M across 40 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $480K across 12 grants.

What is The Pentagon Federal Credit Union Foundation's typical grant size?

The Pentagon Federal Credit Union Foundation's median grant in 2024 was $25,000, and its average grant was $25,550, across 40 grants on its 2024 IRS Form 990.

Where does The Pentagon Federal Credit Union Foundation give grants?

The Pentagon Federal Credit Union Foundation's top state is Virginia, with 24% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Texas (13%) and Montana (10%). The most frequent recipient cities were Bozeman, MT (2 grants), Houston, TX (2 grants), Arlington, VA (2 grants) and Alexandria, VA (2 grants).

Does The Pentagon Federal Credit Union Foundation give general operating support?

Not in 2024: none of the 40 grants with a stated purpose on The Pentagon Federal Credit Union Foundation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Ongoing charitable support" (40 grants).

Who are The Pentagon Federal Credit Union Foundation's largest grantees?

The Pentagon Federal Credit Union Foundation's largest 2024 grantees include Force Blue Inc ($50,000), Green Beret foundation ($50,000) and NextOp Inc ($50,000), according to its 2024 IRS Form 990. Together they received 15% of its itemized 2024 grant dollars.

How large is The Pentagon Federal Credit Union Foundation?

The Pentagon Federal Credit Union Foundation reported $11.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.3M.

What does The Pentagon Federal Credit Union Foundation fund?

The Foundation’s stated mission is to champion the military through investment, advocacy, and outreach. See mission & focus areas ↑

How do I apply for a grant from The Pentagon Federal Credit Union Foundation?

The Pentagon Federal Credit Union Foundation has no public application process in the sources Grantable reviewed. Check penfedfoundation.org for current guidelines, or contact the foundation directly before submitting a request.

What is The Pentagon Federal Credit Union Foundation's EIN?

The Pentagon Federal Credit Union Foundation's EIN (Employer Identification Number) is 54-2062271. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.

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