A very reasonable question indeed. People have donated and it is very reasonable that you want to know what's happening to it.
Yes, David (Ellevie) still does a fine job of being treasurer

Currently the fourm fund is looking very healthy.
The funds are used to ensure that Xac, who hosts the forum websites, is not too much out of pocket with regard to hardware used and the running costs. To date we have bought Xac a big lump of memory for his host machine and paid the yearly subscription costs for the outgoing email service.
That has been the sum total of expenditure so far. In the future we'll be helping Xac with his Internet connection costs and any replacement hardware used for the forums that may need replacement through fair wear and tear.
Note that all purchases in this respect have to be agreed amongst all us admins.
I am responsible for the domain registration and will need to draw on funds at some point to renew these. Neither I nor Xac make any charges for the electricity we use.
The fund is slowly building in the forum account, which David ( and all admins) have sight of, and will be allowed to build to ensure we have funds to ensure the forums continue long into the future.
We need to keep a good contingency in case Xac or I are absolutely unable to host the forums for any reason and we need to return to managed hosting that may cost a considerable amount per month.
Any further questions, just shout...