(Wag @ Sep. 11 2007,19:34) I, for one, am happy to keep it as is. That way, people can put their money where they see fit. Also, nobody ever has the challenge of not wanting a general fund payment to be used in a specific way. In other words, no resentment.
All of the cons you mention are very valid.
Setting up a standing fund or parts repository is difficult to manage. A committee needs to be established to determine who gets what. But then you have a problem of establishing criteria for all contributions and payouts. Who is deserving? How do you verify that they need help? What kinds of disasters do you help with? Wrecks only? Family problems? Everything? What if one person is given more than another?
Even though I'm happy with the way things are, I'm not opposed to setting up a general fund. If you do set one up, I'll contribute. I'm just saying that the burden of administrating it is somewhat challenging. It's a case of needing to make everyone happy.
Also, it would be a good idea to set up hayabusa.org as a 501(3)c non-profit organization so that all contributions are tax deductible to everyone. It's a great motivator.
It's a can of worms so be ready for it if you decide to open it.
--Wag--