I think the idea of Christian to form a non profit organization that receives the money is a good one. The money then would be spend for meetings like the pd-dev meeting, workshops, etc. The meetings get organized by the developers community.
i'm a bit afraid of the overhead of managing a non profit organization ... i mean the pd community is not as big as for example the firefox or the openoffice community ...
The bounty systems doesn't convince me.
well, maybe not call it bounty hunt but market place, where people could post their feature requests. once a request is assigned to a developer no one else is supposed to work on this ...
this would definitely be easier to maintain ...
cheers ... tim