Yes, I believe that life exists elsewhere. I don't think that we will find it in our life times though. It is possible that intelligent life is so far away that hundreds of years will pass between messages. However, we can only hope and the only way to ever have a chance of finding it is through programs such as SETI.
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.