The total collected stands at $US684,905 as of this writing.
Earlier this month, FreeBSD veteran Marshall Kirk McKusick played down fears that the target would not be reached.
His statement came after queries from iTWire, following a story on the American technology news aggregation site Slashdot, which said that the Foundation was falling short of its target by nearly 50 per cent.
"The rush of donations at the end of 2012 far exceeded the number that we have gotten in any past year," McKusick told iTWire.
"While we are still trying to clear the backlog of getting all our donations counted and our donors listed, we have already recorded nearly 2000 donations for the year from more than 1700 individuals and companies from all around the world.
"To date we have received nearly $185,000 more than our goal of $500,000. We look forward to being able to fund many more of the very worthwhile projects that have been proposed to us than we had orginally anticipated being able to support."
He added: "We are very grateful for all the support that we have received and look forward helping to advance the FreeBSD community."
FreeBSD and the other two operating systems derived from the BSD which was developed at the University of California in Berkeley - OpenBSD and NetBSD - enjoy a very good reputation for security and run some of the internet servers with the longest uptimes.