The question is not wether or not extraterrestrial life exists. The question is should we look.
I say since we have a sky to look in, and the equipment to listen with... to not look would be the equivalent of the cave man cowering from fire rather than conquering it.
SETI@home and Astropulse are funded by grants from the National Science Foundation, NASA, and donations from SETI@home volunteers. AstroPulse is funded in part by the NSF through grant AST-0307956.