Update......
Made some contacts with a Trust Fund Management Company through an old friend. Not sure that they are the solution to administering the fund, but they did give me some advice.
Also, I was contacted by an ASA Flight Attendant who has experience in setting up a 501(c)(3) Charitable Organization. She has indicated that she would be willing to help guide us into setting up one of our own.
Finally, I contacted the Delta Air Line MEC office regarding their Emergency / Furlough Relief Fund. Since they've been down this road before, they chose to do the same thing that we are proposing. I'm Just waiting on a return phone call from the DAL Committee Chairman in charge of the fund
If they've got this thing down pat, there is no need for us to "re-invent the wheel". Hopefully, they can give us some guidance on how to get this off the ground.
More info to follow........