So I don't need a Minecraft account to make a server for okay, but whats that thing about setting it to false can you give me a bit more info.
In short, when people log in to your MC server it will not check there name against MC auth servers. Basically anyone with a hacked client can join.
What I mean by how would I run the server is how do I make people admin/mod for it and make spawn points can you tell me what ae the built in features.
You will have basic admin by adding your name to the OP's list, but most users prefer to run Bukkit and more permission plugins..etc.
When my friends want to donate to me using that coffer thing am I able to use that money to pay for my server/put it into my bank account.
You can use it to pay for your server but it will be server money only. Basically once it is in there it stays there. It can only be used to pay for servers or buy new ones..etc and cannot be refunded.
We talk a little bit about coffer fund here;viewtopic.php?f=22&t=5361