“Because once you have enough money, money doesn’t matter," Pine says.
This is the motto of Pineapple Fund creator, “Pine,” an anonymous donor who recently donated $1 million in Bitcoin to the Mona Foundation.
Planning to distribute 5,057 Bitcoin ($86 million) across multiple charities, Pine set the Bitcoin subreddit on fire after announcing he would be establishing the Pineapple Fund on December 14, 2017.
Created by an anonymous hacker who goes by the name of Pine, the Pineapple Fund was a way for one person to do good in the world after amassing an immense Bitcoin fortune.
Pine was an early adopter of Bitcoin and has seen their fortune grow to an amount much greater than they could ever imagine spending. With a desire to improve the world and the money to make it happen Pine created the Pineapple Fund. Read more about the Pineapple Fund on The Guardian
In Bitcoin Magazine, Pine explained how he chose the recipients of their gifts:
“Why these? Well, it’s not that I think they are the most important or have the highest impact, because I think everyone has a different set of values.” . They align with my values, and I think any contribution to those causes will bring some good to this world we all share.”
Thus far, 14 charities focusing on medical research, gender equality, or global innovation have received more than $15 million from the Pineapple Fund.
Pine chooses charities based on three main qualities: How impactful their work is, what innovation they provide, and their size, efficiency and sustainability. Mona Foundation is proud and honored to meet the extremely high standards and be among the charities receiving money from the Pineapple Fund.
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Strategic Communications Intern