I spent some more time looking at the websites I listed yesterday.
So far, I like Microgiving.com the most. The transactions are done via PayPal, and they charge $0.10 for every transaction (I hope I read that correctly, need to double-check). I registered yesterday on that website.
It seems we can proceed in two ways:
(a) ask for donation as an individual (or, may be a group).
(b) ask for donation as a non-profit organization.
It seems the option (a) is easier to get us started. The individual receiving the funds needs to fill out a W-9 form which just confirms his/her Tax ID number via IRS. The question is, will the individual be liable to tax?
Option (b) needs more start-up work. Need to form an organization, register it as a non-profit organization, and follow certain other steps. Is it worth the effort, if we are doing the fund-raising just once?
I am just starting to realize a key thing - I will definitely need help even in setting up the fundraising event (in addition to seeking individual help for spreading the word). I am planning to send out a common email to some potential candidates, and see if they have time for this or not. I have a feeling that the biggest obstacle in going down this path is to get some sort of a time commitment from the volunteers, at least in the beginning phase. It would take an extreme form of self-discipline to regularly and voluntarily find time for this kind of an activity.
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