# Pineapple Fund sees anonymous donor give away $86 million in bitcoin

- Link: https://fundraising.co.uk/2018/02/23/pineapple-fund-sees-anonymous-donor-give-away-86m-bitcoin/
- Published: 2018-02-23T09:25:34+00:00
- Author: Melanie May

**An anonymous donor is giving $86 million worth of bitcoin to charity.**

So far, $53,047,101m has been donated through the Pineapple Fund, to 58 charities
with all funds now allocated. The sums donated to each non-profit have been substantial.
They include $1m to the Water Project, $1m to the [Sustainable Ocean Alliance](http://soalliance.org/),
$5m to [Maps](http://www.maps.org/), $5m to OMF, and $2m to the Internet Archive.
The money is sent to recipients in bitcoins, to be exchanged into US dollars.

> Thanks to the generous donation of $1 million from [#Pineapplefund](https://twitter.com/hashtag/Pineapplefund?src=hash&ref_src=twsrc%5Etfw),
> [@soalliance](https://twitter.com/SOAlliance?ref_src=twsrc%5Etfw) can continue
> providing youth opportunities to protect and conserve our ocean.
> 
> ## Advertisement
> 
>  [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)
> See what [@TechCrunch](https://twitter.com/TechCrunch?ref_src=twsrc%5Etfw) has
> to say!>> [https://t.co/XmIuUp2uQt](https://t.co/XmIuUp2uQt) [pic.twitter.com/vNTQNvbKhF](https://t.co/vNTQNvbKhF)
> — Sustainable Ocean Alliance (SOA) (@SOAlliance) [February 15, 2018](https://twitter.com/SOAlliance/status/964196872087732224?ref_src=twsrc%5Etfw)

> Now's your chance to say thanks to "Pine," the anonymous donor who gave $5 million
> to OMF to [#EndMECFS](https://twitter.com/hashtag/EndMECFS?src=hash&ref_src=twsrc%5Etfw).
> Follow this link and click "Add Kudo/Image/Video" to add your words of gratitude
> to our thank-you card: [https://t.co/maqZKDOlct](https://t.co/maqZKDOlct) [pic.twitter.com/25ASogb4Wr](https://t.co/25ASogb4Wr)
> — Open Medicine Foundation (@OpenMedF) [February 8, 2018](https://twitter.com/OpenMedF/status/961590759572099084?ref_src=twsrc%5Etfw)

 

[The Pineapple Fund](https://pineapplefund.org/) launched in December, announced
through a [post on Reddit](https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/),
and applications closed this month.

On the site, the donor, who goes by the name of ‘Pine’, says publicity is not the
point of the fund, hence their anonymity, and explains the reasoning behind the 
fund:

> “Sometime around the early days of bitcoin, I saw the promise of decentralized
> money and decided to mine/buy/trade some magical internet tokens. The expectation
> shattering returns of bitcoin over many years has lead to an amount far more than
> I can spend.
> “What do you do when you have more money than you can ever possibly spend? Donating
> most of it to charity is what I’m doing.”

[Back in September last year](https://fundraising.co.uk/2017/09/26/donatebitcoin-deal-sees-bitcoin-donations-offered-1-5m-us-charities/),
a partnership saw DonateBitcoin join forces with** **MakeMyDonation and OrgHunter
to enable all 1.5m charities in the U.S. to accept bitcoin donations. Through the
deal, when a user makes a bitcoin donation, it is sent to MakeMyDonation through
Stripe, with donations instantly converted into US dollars.

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