# Covenant Home of Chicago

Covenant Home of Chicago is a Foundation based in Chicago, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 2720 W Foster Ave, Chicago, IL 60625, United States
- **Founded:** 1970
- **Assets under management:** Undisclosed
- **Website:** covenanthomeofchicago.org
- **LinkedIn:** linkedin.com/company/covenant-home-of-chicago

## Regulatory record

- **Reports private funds:** No

## About

Covenant Home of Chicago is a foundation based in Chicago, US, managing approximately $5 million in assets. It focuses on North America.

## Sectors

- Real Estate
- Healthcare Services

## People

- Augusta Hillman — Executive Director
- David Erickson — President and CEO, Covenant Living Communities and Services

## Questions

### Who makes investment decisions for Covenant Home of Chicago?

Investment decisions are not made at the facility level. The endowment participates in a combined investment fund managed by Covenant Ministries of Benevolence (CMB), an affiliate of the Evangelical Covenant Church. The combined pool aggregates capital from multiple Covenant-affiliated senior living communities and ministries. Day-to-day facility operations fall to Executive Director Augusta Hillman, while David Erickson oversees the broader Covenant Living network as President and CEO.

### How is Covenant Home of Chicago related to Covenant Living Communities and Services?

Covenant Living Communities and Services is the direct parent organization. Covenant Living provides management oversight and operational support across a national network of senior living communities, including the Chicago location. The relationship places Covenant Home of Chicago within a larger system that centralizes investment management through the denomination's combined fund structure.

### Does Covenant Home of Chicago maintain a dedicated endowment or charitable fund?

Yes. The organization operates a Benevolent Care Fund designed to support residents who exhaust their financial resources. This is a standard philanthropic mechanism in faith-based continuing care retirement communities. The fund is separate from the combined investment pool managed by Covenant Ministries of Benevolence.

### What is the combined investment fund structure used by the Evangelical Covenant Church?

Covenant Ministries of Benevolence (CMB) manages a pooled investment vehicle that aggregates capital from multiple Covenant-affiliated entities, including senior living communities, benevolent ministries, and other church operations. The pooled structure provides economies of scale for institutional investment access. Individual participating entities, like Covenant Home of Chicago, hold an interest in the combined fund rather than managing separate portfolios.

## Related profiles

- [Courvoisier & Associés](https://altss.com/profile/courvoisier-associ-s)
- [Covenant Investment Solutions](https://altss.com/profile/covenant-investment-solutions)

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

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