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Lumifer comments on Private currency to generate funds for effective altruism - Less Wrong Discussion
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I am not quite sure what are you suggesting.
Money is a complicated thing, but it seems you're thinking about a non-profit issuing, basically, banknotes. Note that banknotes are essentially IOUs, pieces of paper with a promise to exchange them for a certain amount of value.
Anyone can issue their own IOUs. Most large retail corporations do (they are called gift cards). The problem is, of course, to persuade other people that your IOUs are good. You can see how government would have an advantage here :-)
Why would anyone take these banknotes issued by a non-profit and use them as money?