I like this idea, very good I would donate alot but running our little old server taped me out of funds
but on a side note I have some good news, that you may look into if you wish. The server we had we were getting a new host from a player who would host for free, he hosts on a T3 connection and a super server built to host MMRPG's. he rents servers if you wish I can give you his MSN. he is a rather wealth fella and building games, game emulators and such are his hobby. he hosts for $15 a month, and in some cases free.
He is a great fella that I can give you his contact info to if you like, I fully understand if you do not wish to invest time into it. Just thought I would let you know about it if you were intrested in such a option I fully understand the high cost of hosting and the hardships it can put on one person.