I would support the project... not monetarily (at least, most likely not), as I'm but a poor highschool student/amateur musician, but I would however love to contribute a song, and probably help pulling things together on the organization end... school is almost over for the year, and I will have a ton of free time over the summer that I could devote part of to this.
If other people are wanting to do this... I'm in.
And, come to think of it, it could be released somehow as an actual indie-style album, the profits of which could go to UU.
However, a free collection of tracks that is an 'album' is also a perfectly fine option, in my view.
EDIT
Hmm... didn't see your reply, Phil... apparently, I agree with you on the production topic...