Are there any outlets out there on the internet where I could find new ways to raise funds for my site - other than advertisements and paypal donate? Thank you!
You could try these sites: http://www.rockethub.com/ http://www.microventures.com/ http://www.kickstarter.com/ http://cofundos.com/ But it has to be more than just raising money for a site, you may want to come with a creative idea for your site, so that others would want to contribute.
Why not create a cool product to sell on your website, so that way your readership can support you that way. You'll get way better results doing that, than simply the "donate" button. I know it works great for other people!