And while $68,000 may mean little to a University with Harvard's endowment, that same amount makes a big difference to many charities, Edelman said.

"Harvard is a marvelous institution, a very worthy recipient of donations, and I have had an amazing time here the last four years," Edelman said. "But it doesn't need our $20."

Instead, ASG recommends giving to charities like the United Nations Children's Fund (UNICEF), Phillips Brooks House Association and Get Ready, a non-profit organization started by members of Harvard's Class of 2000 that aims to help inner-city youth gain access to higher education though SAT prep, college guidance and community involvement programs.

Students will also be able to choose their own charity, even if it's not listed on the ASG web page. ASG will pass the donation on to the charity in the name of the Class of 2000.

"Donors who give to ASG choose where their donations go," said Edelman, who believes this feature is central to ASG's goal of starting a dialogue about charitable giving on campus.

According to the ASG site, all donations made through ASG will go into a separate account at Cambridge Savings Bank. ASG also plans to make donation records public in the near future, according to the site.

Donors will be kept anonymous. However, names will be posted by request, although amounts and names will be kept separate to "maintain the integrity of the public record without causing donors any anxiety associated with putting amounts next to names," the website says.

Although ASG will not take any part of the donations to pay for its own expenses, students will be able to allot a dollar of their donation to cover ASG costs.