Pineapple Fund

Pineapple Fund

Pineapple Fund

Philanthropic project


The Pineapple Fund was a philanthropic project by an anonymous individual which gave away 5,057 bitcoins to 60 charities. The amount was valued at $86 million in December 2017.[3][4][5][6] Some of the themes supported were medical research, environmental conservation, human rights and psychedelic therapy.

Quick facts Established, Founder …

History

The Pineapple Fund was announced with a post on Reddit on December 14, 2017. The individual used the pseudonym “Pine”, and explained that “My aims, goals, and motivations in life have nothing to do with … being the mega rich. So I’m doing something else: donating the majority of my bitcoins to charitable causes”.[7] The individual behind the fund has remained pseudonymous.[citation needed]

An application form was made available on the website, open to all charities around the world. Speaking to the magazine Philanthropy, the founder said that more than 10,000 applications were received.[8]

After five months, a total of 5,104 bitcoins had been donated and liquidated for a value of $55 million after exchange rate volatility.[9]

Donations

See also


References

  1. Roose, Kevin (27 December 2017). “Some Things About Tech Were Good in 2017. No, Really”. The New York Times via NYTimes.com.

  2. “Pineapple Fund”. pineapplefund.org. Archived from the original on 2020-01-08. Retrieved 2018-01-10.
  3. Tahir, Habiba. “$55 Million: Pineapple Fund Bids Farewell after Making Final Anonymous Donation”. Yahoo Finance. CCN. Retrieved 21 September 2018.
  4. PineappleFund (2017-12-13). “I’m donating 5057 BTC to charitable causes! Introducing The Pineapple Fund”. r/Bitcoin. Retrieved 2023-12-12.
  5. Busby, Mattha (2017-12-24). “Pineapple Fund: why is an anonymous bitcoin millionaire giving away $86m?”. The Guardian. ISSN 0261-3077. Retrieved 2018-01-10.
  6. Coldewey, Devin (14 February 2018). “Pineapple Fund drops $1M on the Sustainable Ocean Alliance and its new accelerator”. techcrunch.com. United States of America: TechCrunch. Retrieved 14 February 2018.
  7. Sally (2018-01-18). “The Apache® Software Foundation Receives Bitcoin Donation from Pineapple Fund Valued at $1M”. The Apache Software Foundation Blog. Retrieved 2025-03-18.


Source: Wikipedia. License: CC BY-SA 4.0. Changes may have been made. See authors on source page history.


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