Sovereign Equity Fund

Foundation · Grantmaker Bismark, ND EIN: 92-2247773

To advance Native food security to strengthen Tribal sovereignty through advancements in agricultural infrastructure by utilizing transformative mission investment strategies.

Key facts about Sovereign Equity Fund

In short: Sovereign Equity Fund gave $680K across 7 grants in 2024 (avg $97K), top state Nebraska. Source: 2024 IRS Form 990 filing.

EIN
92-2247773
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$680,000
Grants made (2024)
7
Average grant
$97,143
Median grant
$100,000
Total assets
$5,076,081
Primary geography
Nebraska (28% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$5.1M

-17.2% YoY

Annual Giving

$680K

-53.7% YoY

Grant Count

7

-12.5% YoY

Avg Grant Size

$97K

-47.1% YoY

About Sovereign Equity Fund

Based on IRS filings

Sovereign Equity Fund is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Bismark, ND. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 7 grants totaling $680K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of all 7 itemized 2024 grant dollars.

Cities

MacyFairbanksHaywardPoplarFort YatesKeshenaNew TownRed LakeSissetonUtqiavik Barrow

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M8 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Nebraska Indian Community College (NICC): $190K across 2 grantsNebraska Indian CommunityCollege (NICC)$190K · 2 grantsFort Peck Community College: $100KFort Peck Community College$100KIisavik College: $100KIisavik College$100KLac Courte Oreilles Ojibwe University: $100KLac Courte Oreilles OjibweUniversity$100KNueta Hidatsa Sahnish College (NHS College): $100KNueta Hidatsa Sahnish College(NHS College)$100KUniversity of Alaska Fairbanks (UAF): $90KUniversity of Alaska Fairbanks(UAF)$90K

Grant Size Distribution

15 grants across all recorded years

<$50K4$50–100K10$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fort Peck Community College Poplar, MTFood Sovereignty / Cultural Foodways Initiative$100,000
Iisavik College Utqiavik Barrow, ALFood Sovereignty / Cultural Foodways Initiative$100,000
Lac Courte Oreilles Ojibwe University Hayward, WIFood Sovereignty / Cultural Foodways Initiative$100,000
Nebraska Indian Community College (NICC) Macy, NEFood Sovereignty / Cultural Foodways Initiative$100,000
Nueta Hidatsa Sahnish College (NHS College) New Town, NDFood Sovereignty / Cultural Foodways Initiative$100,000
Nebraska Indian Community College (NICC) Macy, NEUSDA NIFA Subgrantee$90,000
University of Alaska Fairbanks (UAF) Fairbanks, AKUSDA NIFA Subgrantee$90,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M20232024
Metric20242023
Total Assets$5,076,081$6,130,540
Revenue$1,623,093$3,368,170
Expenses$2,180,936$1,506,056
Qualifying Distributions——
Net Investment Income——
Distributable Amount——

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2023–2024

Leadership & Key People

Officers and directors from IRS filings

Sovereign Equity Fund is led by Courtney Chavis, Executive Director on the 2024 filing; 4 of 5 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Courtney Chavis

    Executive Director

    New on the 2024 filing

    40 hrs/week

    $100K (2024)

  • Justin Wilson

    President

    New on the 2024 filing

    2 hrs/week

    $2K (2024)

  • JoAnn Kauffman

    Secretary

    New on the 2024 filing

    2 hrs/week

    $2K (2024)

  • Richard Luarkie

    Treasurer

    New on the 2024 filing

    2 hrs/week

    $2K (2024)

  • Christy Walker

    Controller

    New on the 2024 filing

    10 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Courtney Chavis — Executive Director: $100KCourtney ChavisExecutive Director$100KJoAnn Kauffman — Secretary: $2KJoAnn KauffmanSecretary$2KJustin Wilson — President: $2KJustin WilsonPresident$2KRichard Luarkie — Treasurer: $2KRichard LuarkieTreasurer$2K

Frequently asked questions about Sovereign Equity Fund

How much does Sovereign Equity Fund give each year?

Sovereign Equity Fund gave $680K across 7 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $1.5M across 8 grants.

What is Sovereign Equity Fund's typical grant size?

Sovereign Equity Fund's median grant in 2024 was $100,000, and its average grant was $97,143, across 7 grants on its 2024 IRS Form 990 filing.

Where does Sovereign Equity Fund give grants?

Sovereign Equity Fund's top state is Nebraska, with 28% of the grant dollars itemized on its 2024 IRS Form 990 filing. The next largest states were Montana (15%) and Alabama (15%). The most frequent recipient cities were Macy, NE (2 grants).

Does Sovereign Equity Fund give general operating support?

Not in 2024: none of the 7 grants with a stated purpose on Sovereign Equity Fund's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Food Sovereignty / Cultural Foodways Initiative" (5 grants).

Who are Sovereign Equity Fund's largest grantees?

Sovereign Equity Fund's largest 2024 grantees include Nebraska Indian Community College (NICC) ($190,000 across 2 grants), Fort Peck Community College ($100,000) and Iisavik College ($100,000), according to its 2024 IRS Form 990 filing. Together they received 57% of its itemized 2024 grant dollars.

How large is Sovereign Equity Fund?

Sovereign Equity Fund reported $5.1M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $1.6M.

What is Sovereign Equity Fund?

Sovereign Equity Fund is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Bismark, ND. It holds $5.1M in total assets as of 2024.

What is Sovereign Equity Fund's EIN?

Sovereign Equity Fund's EIN (Employer Identification Number) is 92-2247773. IRS Form 990 filing data is available on this page for 2023–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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