Back to Cause areas

Veterans

Many U.S. veterans do not receive adequate support when they leave active service and face barriers such as: lack of dedicated pathways to access affordable education for themselves and their children, and difficulty preparing themselves effectively for civilian jobs.

The PwC Charitable Foundation’s commitments

200,000 veterans, $10 million and counting…

Wave 1

FY15–FY19 commitment

100,000 veterans, five years, $5 million

Wave 2

FY17–FY20 commitment

100,000 veterans, four years, $5 million

Help educate veterans and/or their children through scholarships

Prepare, train, and/or re-credential veterans returning to careers in today’s ever-changing economy

Scale and build the capacity of leading Veteran Service Organizations to help them serve more veterans

“...we doubled down on our commitment in 2017, adding another $5 million over four years...”

“In 2014, we made this commitment because we wanted to reduce the sacrifice made by families who have already given so much in service to our country – we want them to reach their highest potential.

Our work is far from over and we continue to see a growing need in supporting military families, so we doubled down on our commitment in 2017, adding another $5 million over four years with a goal of reaching an additional 100,000 veterans and/or their children.

As well, we continue to collaborate with our veteran service grantees to explore increased opportunities for shared learning and to identify synergies for scaled impact.”

Frank Gaudio, PwC Charitable Foundation Trustee and Veterans Liaison

Why it matters

1 million service men and women are expected to leave and transition to civilian life in the next four years.

Without access to affordable education, training, and employment assistance, many could become one of more than 453,000 unemployed veterans.1

26% of undergrads receiving veterans’ education benefits also took out federal or private loans.

The average loan was $7,400 – slightly more than for students who never served in the military.2

53% or one out of two separating post-9/11 veterans will face a period of unemployment.

Though national unemployment rates have declined, the on-the-ground reality is that half of our veterans enter a period of unemployment upon transition.3

Find out how the Marine Corps Scholarship Foundation supported the Brown sisters.
Read more about the series of grants we’re making to support U.S. veterans and their families.

Our progress

Wave 1

Our progress toward our goal to invest $5 million plus

FY15 FY19 GOAL
$6.5 million

Our progress toward our goal to help 100,000 veterans and/or their children overcome the barriers they face to education and career transition over five years

FY15 FY19 GOAL
92,400 veterans
9,000

scholarships awarded

83,400

veterans trained and/or hired

Wave 2

Our progress toward our goal to invest $5 million

FY17 FY20 GOAL
$3.5 million

Our progress toward our goal to help 100,000 veterans and/or their children overcome the barriers they face to education and career transition over four years

FY17 FY20 GOAL
Find out how some veterans are transitioning out of the military and into the civilian workforce.

Sources:

  1. Hire Heroes USA; Bureau of Labor Statistics March 2017
  2. Los Angeles Times; Department of Education
  3. U.S. Department of Veteran Affairs