Little update on what I've got going on:
1) I pitched the idea to my boss and a few key coworkers who I thought might have good feedback and received enough support that I'm going to move forward with it (along with some skepticism)
2) I found a local guy who owns a body shop/restoration business (he's done some really excellent work on a few of my grandfather's exotic projects fwiw: Blaine's Auto Werkes
). He frequently buys from some insurance auctions in the area and is willing to broker a sale for me without charging me anything. As of right now, I'm going to buy it out of my pocket...and I'm mostly alright with that
3) I found a few bikes that might work - right now I'm leaning towards a 2013 CBR250R with a scrap title. I have yet to go check it out in person yet (hopefully Thursday's task), but it looks like it should work well as a project build for me and some students.
4) I've got a short list going of businesses that are reasonably local that I can go to in order to solicit donations of parts and tools once we have a bike procured. I'm going to start relatively soon with trying to get some things that I don't personally have so that we can have them for the school - things like valve feeler gauges, engine compression tester, ... maybe other things I'm forgetting at the moment?)
5) I've got a form put together and authorized by my bosses that, with minimal effort, will allow me to offer proof of donation to a non-profit organization so that people who donate items to the club will be able to claim tax deductions.
6) I've decided that in order to try to maintain good relationships with the businesses that donate to us in a couple of ways; First, by displaying them as sponsors on the finished product. And second, by starting a club website/blog to catalogue our progress where we can display sponsor logos, links, and contributions to our projects (as well as obviously show of tons of pictures, videos, and written descriptions of what we've accomplished).
Anyway, long post, but that's where things are right now and I'm VERY excited to keep moving forward with this! Please feel free to let me know if you have comments, questions, or whatever.