Henrik Fisker quietly wound down his nonprofit after his EV startup went bankrupt

Henrik Fisker, founder of the now-bankrupt EV startup Fisker Inc., and his wife Geeta quietly dissolved their private charitable foundation, the Geeta & Henrik Fisker Foundation, which was established in late 2021 to support innovation across healthcare, education, sustainability, and mobility. Over its three-year existence, the foundation made only about $100,000 in grants, with minimal activity and no public announcement of its creation. The foundation’s initial endowment was tied to Fisker Inc. stock, which significantly declined in value from around $4 million to under $2 million as the company struggled with production and delivery of its electric SUV. The foundation’s limited grantmaking included a $92,287 donation to a JP Morgan Charitable Gift Fund in 2023 and a final smaller grant before closing. The Fiskers’ foundation contrasts with other EV companies’ philanthropic efforts, such as Rivian’s foundation, which was initially funded with 1% of the company’s equity and has