Not sure what your exempt purpose would be where you could be selective with who the money goes to. Think that would be your biggest hurdle. Could you do one where its a scholarship program?
@God is a Husker Again don't think the people donating money could be selective on who their money goes to. The entity would have to establish criteria of who qualifies for the scholarship and then you'd have general donations that go into a pot. Dont know the rules well enough for football scholarships. Guessing that would be an issue too.