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In addition to the ficathon, this year they're holding a fundraiser for Pakistan flood relief, encouraging people to sponsor the fanworks in whatever amount they can. I'm down for $0.50/fanwork, but there are people giving only for particular genres (meta, fic, art) and people giving more or less, depending on their ability.
If you've got a fandom with a Muslim character in it (they've got a list here), putting something together for this ficathon would have a huge multiplier effect, because of all the people donating per work. Or, if you don't have the time or a fandom that works, chip in to sponsor your favorite genre of work, or everything. I read through a bunch of last year's stories, and they're really great.
(Oh, and there's a parallel LJ community,
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...
In entirely related news, expect new Caseyverse, er, I guess before the 12th?