Henrik Fisker, the founder of EV Fisker Inc.’s failed start, and his wife Geeta were quietly injured under a private charity founded at the end of 2021 who is supposed to “incorporate innovation in health care, education, health care, health care, Supporting the planet and improve and improve the lives of humans and animals. ”
A tax deposit He was submitted to the Internal Revenue Service in December 2024 – six months after the bankruptcy of Fisker Inc. The deposit was made public earlier this year.
The Geeta & Henrik Fisker Foundation, as it was known, finally made only about $ 100,000 on grants during its three -year existence. Henrik Fisker did not respond to messages looking for comments.
The brief existence of the Fiskers Foundation is another example of the way in which the explosion of the newly established electric vehicles in the 2020s-many of which were made public through mergers from the acquisition of Special Purposes (SPAC)-they have been helped to supply a rush.
When Rivian published via traditional iPO in 2021, it announced its own Flush Foundation with 1% of EV Company shares. While this share is worth about $ 643 million at one point, it finally shrunk below $ 100 million. But the Rivian Foundation is still kicking. The non -profit company gave the first $ 10 million in grants last year and website It shows that the Foundation has made another $ 2.2 million in donations to date in 2025.
Fiskers created their foundation in late 2021, IRS filings Appearance, about a year after the public company, merging with a SPAC. 229,000 shares of the company were transferred to the non -profit organization in December of that year, which was collectively worth $ 4 million during the donation. The couple also seems to have contributed about $ 5,000 in cash in the first year. (Geeta Gupta Fisker was the head of Financial and Head Officer of Fisker Inc.).
The company did not announce the creation of the Foundation of the Wives and Spouse Group By 14 February 2022. While the press release offered $ 4 million, from this point, the price of Fisker’s share had been reduced long enough to make the value of the non -profit company share in the company had already sunk to about $ 2.7 million.
TechCrunch event
Francisco
|
27-29 October 2025
The Foundation did not make grants that show the first financial year, show deposits. When the use ended on September 30, 2022, the value of the shares was reduced to about $ 1.7 million.
The price of Fisker’s shares continued to slip as the company put the electric SUV production in late 2022, began deliveries in mid-2023 and struggled to sell the wrong EV-all which apparently limited the scope of the Foundation.
During the Foundation’s financial year 2022 (which ended on September 30, 2023), he only made a $ 92,287 grant to a JP Morgan “Charity Fund”, according to one deposit. Fiskers contributed only $ 9,500 to cash to the institution that year, which means that the shares – the total value of which again sank to about $ 1.4 million – was almost what it had in terms of assets.
The latest deposit, which closes the non -profit, shows only one grant in the last year of the Foundation: Fiskers have contributed another $ 1,988 to the same JP Morgan fund.
The Geeta & Henrik Fisker Foundation was not the couple’s only source of charity, although the details of their other offer are difficult to come.
Press 2022 notes that the Fiskers “supported various causes, including those involved in training and healthcare projects” since the establishment of EV starting in 2016.
Liberation also states that the Fiskers gave about $ 1.9 million in December 2021 to what is known as donor consultants (DAF). This donation came from Fiskers’ personal confidence, however, a SEC archive – not from the Geeta & Henrik Fisker Foundation. Neither the press release nor the deposition of the sec say which DAF received the shares.
DAFS is a somewhat controversial tool for charity. While people donating to DAFS can still dictate where these funds eventually go, this information should not be revealed to the public. Meanwhile, stock donation to a DAF can allow the person to help remove the value of this stock from their taxes – even if the value of the stock sinks.
DAFS can also hang on to this money for an inquisitive time. Therefore, it is impossible to know if the DAF that received $ 1.9 million in Fisker shares made grants before or after the value of these shares.
