News Summary

Henrik Fisker, the founder of the electric vehicle startup Fisker Inc., quietly wound down a charitable foundation he established with his wife Geeta. The Geeta & Henrik Fisker Foundation aimed to support innovation in healthcare, education, sustainability, and mobility. The foundation was created in late 2021 after Fisker Inc. went public via a SPAC merger. However, the foundation struggled financially following the decline of Fisker Inc., which declared bankruptcy in 2024. Over its existence, the foundation made around $100,000 in grants, primarily due to the devaluation of Fisker Inc. stock, which initially contributed to its funding. The final tax filing indicated a single grant in its last year of operation, marking the end of the foundation.