Giving to Covenant Woods

When you give to Covenant Woods, you help keep residents engaged, support your community, and continue growing the campus through enhancements that create an exceptional experience. Perhaps most importantly, you help Covenant Woods keep a more than 140-year promise that no resident will ever leave due to financial hardships beyond their control.

Covenant Woods is a Virginia 501(c) (3) corporation whose success and support of our benevolent mission are dependent on the generous support of benefactors. Click on the fund name below to make a gift to that fund:

Covenant Fund

The Covenant Fund ensures no resident has to leave his or her home due to financial reasons beyond their control. More than $50 million has been provided to residents since the community’s founding in 1883. Financial help is offered to residents in confidence and covers medical needs, transportation, and monthly housing fees. Make your gift today.

Holmes Fund

Supports residents and seniors in the local community with educational and service offerings. It was named after Raymond T. Holmes Jr., a longtime volunteer who was instrumental in moving The Richmond Home for Ladies to Hanover County. Make your gift today.

Givens Fund

Many employees see Covenant Woods as a starting point in their careers. Since its inception in 2009, the Fund has given more than $140,000 in scholarships to support deserving staff who choose to pursue an undergraduate degree or trade school certificate. It was named in honor of J. Edwin Givens, who gave more than 40 years of volunteer service to Covenant Woods. Make your gift today.

Capital Fund

Campus enhancement projects are possible with gifts to the Capital Fund, enabling donors to help the community continually develop new amenities. In the past, named gifts, such as personalized bricks, community features, or buildings, have been available. Recent enhancements such as The Spring and the upcoming Dental Clinic were made possible with gifts to the Fund. Make your gift today.

Employee Crisis Relief Fund

Employees who encounter an extraordinary unexpected financial emergency may apply to receive assistance from the Employee Crisis Relief Fund. Make your gift today.

Types of Gifts

  • Check or Cash: Please make your check payable to Covenant Woods and note on the memo line how you would like your gift used (e.g., “Covenant Fund”). Gifts of cash should be accompanied by the same information in writing. Mail contributions to 7090 Covenant Woods Drive, Mechanicsville, VA. 23111
  • Stock: Gifts of appreciated securities can be advantageous to the donor, possibly providing a charitable deduction for the full fair market value of the stock at the time the gift is made while avoiding capital gains tax on increased stock value. The value of the gift of stock is based on 100% of the stock’s value on the date you transfer your shares to Covenant Woods. If you are interested in making a gift of stock, please provide your broker with the following information:
    • All DTC-Eligible Securities:  all deliveries MUST include client name and Schwab account number.
      Delivery to DTC Clearing 0164, Code 40
      Schwab Account Number: 7139-2402
  • Memorial and Honor: Tribute gifts are also a wonderful way to recognize people, pets or friends who have touched your life. Notification of these gifts are sent to the honoree or family of the person being remembered, provided we have the proper notification address.
  • In-Kind: We welcome donations of items appropriate as well as contributions for resale in our second-hand shop, the “Ruth Shoppe,” or through a second party. Gift value is determined by the donor as specified by the Internal Revenue Service. Please contact Laurie Ursiny, Director of Philanthropy, (804) 569-8007 or to confirm current needs for specific items.
  • Corporate Matching Gifts: Donors can double their gift dollars if they or their spouses work for, or are retired from, a matching-gift company. To do so, donors should request their company’s matching gift form and include it with their donation. Covenant Woods will confirm the gift and match through an acknowledgment letter to the donor.

Tax information

Tax-deductible donations may be unrestricted or restricted to a specific purpose, for operations or capital improvements, or for current or for future needs. As a 501c(3) organization, with tax id #54-0524902, your gift is tax-deductible as allowed by law.