If one puts aside thoughts about aliens SETI@home is still a great scientific project. The ability to be able to process this amount of data to aid the further discovery and research of space is monumental.
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.