Innospec is proud to announce that its Fuel Specialties and Oilfield Services Business Units have raised over $2 million since 2006 for the Military Heroes Program, managed by the PenFed Foundation. This significant contribution reflects Innospec’s ongoing commitment to supporting military veterans and their families through investment, advocacy, and outreach.
The PenFed Foundation’s Impact
Founded in 2001, the PenFed Foundation is a national non-profit organization that supports veterans in their transition from service to success. Affiliated with PenFed Credit Union, the Foundation has provided more than $55 million in financial support to veterans, active-duty service members, and military families. What sets the PenFed Foundation apart is its commitment to ensuring that 95% of incoming donations go directly to their programs, as the credit union funds most operational costs.
Supporting Our Military Heroes
Innospec’s Fuel Specialties and Oilfield Services businesses have been dedicated supporters of the PenFed Foundation’s Military Heroes Program in the United States for 18 years. This provides high impact grants that celebrate the leadership and selfless service of military members and support the transition from service to civilian life. They do this by forming partnerships with non-profit organizations working within military communities and providing them with the financial assistance needed to conduct their important work.
Annual Golf Fundraisers
One of the key initiatives that Innospec spearheads is the annual golf fundraisers. These highly anticipated events attract hundreds of golfers, including employees, customers, and suppliers. This raises hundreds of thousands of dollars for the PenFed Foundation each year. In 2023, a record total of $310k was raised through the 2 events held at the Palmer Course in The Woodlands, Texas, and Lone Tree Golf Club in Colorado.
A Personal Commitment
Innospec’s President and CEO, Patrick S. Williams, expresses his personal commitment to supporting the PenFed Foundation through these charity golf tournaments. He states, “It’s a privilege for us to support the PenFed Foundation through our charity golf tournaments. Helping our veterans and their families is also a personal commitment for me. We selected PenFed because 95% of donations received go directly to the service members and their families. We look forward to continuing our support.”
Innospec Inc. is honoured to have been able to raise over $2 million for the PenFed Foundation’s Military Heroes Program. This achievement demonstrates our dedication to giving back to those who have served our country. As Innospec continues to grow and thrive, its commitment to supporting worthy organizations like the PenFed Foundation remains steadfast.
