Want a cause? Convince your college to set up a scholarship in perpetuity
To set up a scholarship in perpetuity, as in, one time fee for virtually eternity of every year payouts. The Academy of American Poets works with colleges to set up writing scholarships at schools. A one time payment of just $2,500 gets a $100 scholarship/prize every year. That could fund a small college journal’s contest perhaps. With $25,000 (about) you can get $1,000. Did anyone say book contest? By arranging contests and scholarships at your school press it could do a few things. You can set up a class dedicated to the selection and production of the prize winning book, like Fresno State’s “Philip Levine Prize.” You can raise the quality of submissions to your journal, because, lets face it, we break out the bigger guns for cash. As a writer it’s great to actually get paid for your efforts in cashy money. This means a general increase in the quality of work submitted, as most contests say all work submitted will be 
considered for publication… See, like Admiral Akbar so cleverly observed “It’s a trap!” But it will result in more exposure to your magazine, and better quality work, making it even more of something that people are excited to be published in. Even if your magazine’s already really good, it will also bring you the satisfaction of doing your part to help young writers getting the attention they deserve. Here’s a link to more official looking information about setting up a scholarship/prize in perpetuity on The Academy of American Poets website. One that doesn’t have pictures of star wars characters on it, I guess.