EDITED
Here's the idea of what EastCoastVPS.org is:
We are an organization that supplies free VPS services to verifiable users who really have a use for them.
Now the VPSes will be upgradeable at cost.
If you'd like more RAM, HDD Space, Bandwidth, etc we will do what we can to supply it at the lowest possible price possible.
This will be a not for profit organization, and should there be any kind of extra cash that comes out of any particular server, it will be reinvested into more infrastructure for more VPS users.
This is not fly by night. If the donations don't cover costs, then the difference will come out of my pocket. Either way, the servers will stay up.