Your donation goes directly into supporting the project. We do not have huge overhead, fancy offices, and cushy chairs. Most importantly, by helping support the development of CakePHP you are contributing to an effort that makes your life easier. Now that is sweet.
The names of donors will be placed on the donors page on the Cake Software Foundation website. We will use the name of the Paypal account unless otherwise indicated in the comments. Also, add your website address to the comments if you would like it to be included with your name on the donors page. If you would like to remain anonymous, please indicate your preference in the comments section.
Thank you from the Cake Software Foundation.