Whether or not MGoBlog has a "no politics" policy (it is a policy that I don't much like, but it is your policy to make), such a gesture would be political.
It would be a form of condemnation of Gibbons, and a tacit signal of support for the University's process against Gibbons.
Because as I understand it, what Bando proposes is a public donation of the proceeds. As a statement, of MGoSolidarity with The Process. And siding with the The Big U, in the Title IX War For Women.
I personally don't give a rip if anyone wanted to make a quiet private donation to any worthy charity. It's not any kind of charitable problem. If you were to quietly do what Bando suggests, such that neither Bando nor I, nor anyone else, ever knew about it and could not argue about it on internet discussion boards, I couldn't complain. But I don't suspect that that meets Bando's intent. I think Bando wants a symbolic public statement.