Forest Hill, MD, Jan. 18, 2018 (GLOBE NEWSWIRE) -- The Apache® Software Foundation (ASF), the all-volunteer developers, stewards, and incubators of more than 350 Open Source projects and initiatives, announced today that it 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, ASF Vice President of Fundraising. "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."
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". https://pineapplefund.org/
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.
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. Approximately 75% of the ASF's annual budget is dedicated to running critical infrastructure support services that keep Apache services running 24x7x365 at near 100% uptime.
There are two ways to help the ASF 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.
For information on supporting the ASF, please visit http://apache.org/foundation/contributing.html
About The Apache Software Foundation (ASF)
Established in 1999, the all-volunteer Foundation oversees more than 350 leading Open Source projects, including Apache HTTP Server --the world's most popular Web server software. Through the ASF's meritocratic process known as "The Apache Way," more than 680 individual Members and 6,500 Committers across six continents successfully collaborate to develop freely available enterprise-grade software, benefiting millions of users worldwide: thousands of software solutions are distributed under the Apache License; and the community actively participates in ASF mailing lists, mentoring initiatives, and ApacheCon, the Foundation's official user conference, trainings, and expo. The ASF is a US 501(c)(3) charitable organization, funded by individual donations and corporate sponsors including Aetna, Alibaba Cloud Computing, ARM, Bloomberg, Budget Direct, Capital One, Cash Store, Cerner, Cloudera, Comcast, Facebook, Google, Hewlett Packard, Hortonworks, Huawei, IBM, Inspur, iSIGMA, ODPi, LeaseWeb, Microsoft, PhoenixNAP, Pivotal, Private Internet Access, Red Hat, Target, Union Investment, and Yahoo. For more information, visit http://apache.org/ and https://twitter.com/TheASF
© The Apache Software Foundation. "Apache" and "ApacheCon" are registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. All other brands and trademarks are the property of their respective owners.
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