Actually, both George Hotz and they guys at Fail0verflow have stated that they are currently NOT taking donations, and have warned people to beware of scammers.
"WARNING: the people running YouTube's and Facebook's fail0verflow accounts are not us, they are scammers. We are NOT requesting donations," reads the current message at Fail0verflow.com.
But, yes, Sony SHOULD be hiring these guys in order to use that talent to their benefit! Nothing good can come of this lawsuit.