B,
Good thing you are doing, but in some states it's a freakin
quagmire, tax-wise. Dunno about MD.

If you think you might get to/above $10Gs, it sometimes
alerts the bank(s), and I believe the Fed limit is $11Gs or
$22Gs a couple to receiver...no CPA, but worth considering.

If it's less than 10Gs, I wouldn't worry; seperate no interest
checking acct., in the name of the recepient with you and
an add'l person as co-acct. holders/admins.
(You don't want to have to do an IRS non-profit deal to handle
any interest; we use a non-interest acct for Geezer golf dues and monies
to avoid any interest on the $15ish Gs that flow through in a season.)

If it's a short term fund raiser, it should be simple; if you really think
dough is going to come in for months or longer, I'd call your bank
and ask them for guidance.
GL and hope you raise some dough for your friend.
BR,mD