# Covenant Retirement Communities West

Covenant Retirement Communities West is an Endowment / Foundation based in Santa Barbara, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Santa Barbara, United States
- **Region:** North America
- **Address:** Santa Barbara, CA, United States
- **Assets under management:** Undisclosed
- **Website:** covlivingwest.org
- **LinkedIn:** linkedin.com/company/covenant-retirement-communities-west

## Regulatory record

- **Reports private funds:** No

## About

Covenant Retirement Communities West is a foundation based in Santa Barbara, US. It manages approximately $114 million in assets, primarily in North America.

## Sectors

- Healthcare Services
- Real Estate

## People

- David Erickson — President and CEO, Covenant Living Communities and Services
- Janet Creaney — Board Chair, Covenant Living Communities and Services

## Questions

### Who governs investment decisions for Covenant Retirement Communities West?

Investment oversight is centralized through Covenant Ministries of Benevolence, which manages the Combined Investment Fund on behalf of the denomination's affiliated institutions. The parent organization, Covenant Living Communities and Services — led by President and CEO David Erickson and Board Chair Janet Creaney — provides executive and fiduciary governance from its headquarters in Skokie, Illinois.

### What is the source of the capital Covenant Retirement Communities West invests?

The capital is not personal wealth but pooled reserves from the entry fees and operating surpluses of multiple continuing-care retirement communities in California and Washington. These reserves are aggregated in a Combined Investment Fund administered centrally and deployed to support operations, capital improvements, and the organization's benevolent-care mission.

### Does the organization make venture-capital or private-equity commitments?

There is no public record of dedicated venture-capital or private-equity allocations. The known portfolio consists of direct holdings in senior-living real estate — the CCRCs themselves — alongside liquid operating reserves and a broadly invested Combined Investment Fund interest. Its posture is closer to a real-asset-heavy endowment than a multi-strategy allocator.

### How is Covenant Retirement Communities West related to the Evangelical Covenant Church?

Covenant Retirement Communities West is a sponsored ministry of the Evangelical Covenant Church. It operates as part of Covenant Living Communities and Services, the national non-profit entity that carries out the denomination's mission in senior housing and continuing care. Church affiliation provides the governance framework, but the retirement communities serve residents of all faiths.

### What is Covenant Living at the Samarkand and how does it fit into the portfolio?

Covenant Living at the Samarkand is the organization's flagship continuing-care retirement community in Santa Barbara, California, and serves as the administrative headquarters. It represents a mixed-use senior-living asset that combines independent living, assisted living, and skilled-nursing services. Its reserves and cash flows feed into the same Combined Investment Fund that underpins the broader West Coast portfolio.

## Related profiles

- [Covenant Living of Golden Valley](https://altss.com/profile/covenant-living-of-golden-valley)
- [Covenant Wealth Advisors](https://altss.com/profile/covenant-wealth-advisors)

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

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