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What do people get for making their contribution? Are they going to get any interest in the company or are they just giving you money for your project for nothing?
Contributors will not get a financial interest in the company. They will, however, get recognition through various means (website, newsletter, mentioning in concerts, etc.), plus those contributors who do the most (either financial contributions or activities which help promote the company) will be awarded free tickets, free merchandise, etc.
They should contribute to the entity that is going to provide the various amenities. Since that will be the company that does the radio station that should be to whom they send the money. It should be incorporated. I would not call it a donation more like a grant as donation has the connotation that is a non profit and you want to be careful not to mislead people.
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I'll stay away from the word "donation" per your suggestion. Should I also stay away from the phrase "raising money" as that could cause some red flags from the SEC? Could I simply state "all monies received go toward creating a new concert company"?
Yes I think just talking about creating the new concert company is the better alternative. That and the amenities those who fund will receive as part of the package.
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