4/1/14: $1,920 Donated We pledged to donate 2 BTC from the PLC and to match that donation personally. Today we donated $1,920 to our charity: water Digital Drops fundraising campaign. Because of your support 96 people will get clean water! With your continued support we will be able to save many more lives.
The rest is, I assume, for development of the coin. Getting it listed on a proper major exchange instead of many tiny exchanges which are barely used would seem to be a good step in getting the coin recognised and more widely used, and as such a good use of at least some of the roughly $12000 left over from the PLC.
Devs, please let me know if I'm wrong and clarify what the remaining 24BTC from the IPO will be used for.