The Apache Software Foundation Receives a $1M Bitcoin Donation from Pineapple Fund

 

ASFThe Apache Software Foundation (ASF), the all-volunteer developers, stewards, and incubators of more than 350 Open Source projects and initiatives, has received a 88.34 Bitcoin (BTC) donation from the Pineapple Fund, valued at $1M at the time of the donation.

“Cryptocurrency is a fascinating way to support the ASF,” said Kevin A. McGrail, Vice President of Fundraising at Apache Software Foundation. “We look forward to using Pineapple Fund’s donation to enhance our mission to provide Open Source software that is intrinsic to computing, from web servers to smartphones to cloud computing to the next evolutionary technology.”

As a United States private, 501(c)(3) not-for-profit charitable organization, the ASF is funded through tax-deductible contributions from corporations, foundations, and private individuals. Their collective contributions offset day-to-day operating expenses such as bandwidth and connectivity, servers and hardware, legal and accounting services, brand management and public relations, general office expenditures, and support staff.

Financial Support

Approximately 75% of the ASF’s annual budget is dedicated to running critical infrastructure support services that would keep Apache services running 24x7x365 at near 100% uptime.

In addition to the Pineapple Fund’s charitable donation, the ASF receives financial support from corporate sponsors and individual donors. These essential funds help the ASF ensure that Apache software projects continue to be available to users around the world at absolutely no cost.

There are two ways to help the Apache Software Foundation reach its financial goals:

  • Individual Donations – for one-off or recurring gifts of any size, via credit card, PayPal, ACH, and more
  • ASF Sponsorship program – for organizations, individuals, foundations, and endowments contributing $5,000 or more

These funds help the ASF ensure that Apache software projects continue to be available to users around the world at no cost.

The Pineapple Fund is a project donating 5500 BTC (~$86M) to various charities around the world, with the goal of making “bold and smart bets that will impact everyone in our world.”