MOAA Receives $100K from PenFed Foundation for Financial Education Effort

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MOAA president accepted a $100,000 donation to the MOAA Military Family Initiative from the PenFed Foundation for a cooperative military financial education effort to launch later this year.

We are looking forward to working with the PenFed Foundation leadership and the military community to advance our shared goal of increasing financial and military retirement planning awareness in the military community.

Retired Air Force Lt. Gen. Dana Atkins, President and CEO of the Military Officers Association of America (MOAA), accepted a $100,000 donation to the MOAA Military Family Initiative from the PenFed Foundation for a cooperative military financial education effort to launch later this year.

MOAA will deliver financial education content tailored in conjunction with military transition program coordinators. The content will focus on one or more of the following themes based on the demographics and interests of each audience:

  • Strategic money management
  • New military retirement plan
  • Dollars and cents of working outside the home (optimized for military spouses)
  • Legislative issues of interest to the military community

Retired Air Force Lt. Col. Shane Ostrom, MOAA certified financial planner, will lead the program which prepares service members for life outside of the military. Ostrom has a deep background in financial and benefits education and prior experience in the financial industry.

“We are looking forward to working with the PenFed Foundation leadership and the military community to advance our shared goal of increasing financial and military retirement planning awareness in the military community,” said Atkins.

President and CEO of the PenFed Foundation James Schenck said, “This type of tailored financial education contributes to the financial readiness of our service members. Whether they serve for 30 years or for 3 years, we want them to be prepared for the future.”

“Our partnership with MOAA reflects the DNA of the PenFed Foundation. Serving our nation’s defenders and their families is who we are as an organization,” said Schenck.

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About MOAA:
Military Officers Association of America (MOAA) is the nation’s largest and most influential association of military officers. With 390,000 members — active duty, former, retired, and National Guard and Reserve officers from all seven uniformed services and their spouses and surviving spouses — it is a powerful force speaking for a strong national defense and represents the interests of military officers and their families at every stage of their careers. For those who are not eligible to join MOAA, Voices for America’s Troops is a nonprofit MOAA affiliate that supports a strong national defense. For more information, visit http://www.moaa.org.

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MOAA Communications (Public Relations)
Military Officers Association of America
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