Non-Profit Questions

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What is the name of your state (only U.S. law)? Washington Sate

I'm looking to starting a non-profit store that would take a portion of the profits and have them deposited into a college fund for low income children. The store would be run in a "Goodwill" style where people donate goods and they are then resold. My question is this, can it be run as a non-profit if the profit of the donations goes to the specific family's college fund? I.E. Little Suzy gathers items from friends and family and brings them in to be sold. The profit of those items would go directly to her WA state college fund. (WA state G.E.T program). Also would I be able to give tax deductible receipts to the people that donate if the items profit is going to a specific person and not a general fund?
Below is a rough draft mission statement to give you an idea of what I am trying to do.

Thanks for your help.

Kevin

"College for Kids" Non-Profit Mission Statement

"College for Kids" will be a store that will take donations from individuals and families to help families achieve their goal of sending their children to college. These items will be sold in a store to the local community to help raise funds for children to go to college.

This will accomplish a great many things:

a. Families will have the means to raise money for their children's college. These funds will be deposited into the child's WA GET plan to be used when they graduate high school and decide to go to college.

b. This will give a sense of ownership of the child's future to the child. The work that they put into it will make them feel that with hard work they can control their own destiny.

c. The community benefits by being able to buy used goods at a reasonable price.

d. The community also benefits because it is within it's own community that these children will be coming from.

e. This practice is also environmentally friendly because less used goods are being sent to the landfills. (i.e. one man's trash is another mans gold)

f. This business would also help build a stronger community through communication. (i.e. Little Suzy wants to go to college someday so she goes and sees her neighbor and asks if she has any old junk that she wants to donate to help her go to college. This approach is less abrasive then asking for straight cash and both parties benefit from the transaction. The neighbor would get a write off, and Suzy would get things to sell to raise funds for college.)

g. Local tax benefits would be wonderful for the community as well. With tax savings being granted on the donations, the local community would be more "liquid" helping to boost local economy.

h. Children that go to college will also help to boost that community's financial standing. It takes a burden off the parent who can then turn around and spend more money within the community. This will also create more skilled workers in said community and in turn boost the local economic situation.

"College for Kids" is a business that will help the community and the environment. It will give children and families a chance to control their own destinies and not to ever feel like they are "stuck" in life because of social or economic status. The ability to help one's self is the core of "College for Kids". Hard work, and a dedication to one's own future is what will make a child and "College for Kids" succeed.