$500,000 isn't exactly a lot of money by U.S. government standards, but for a country that currently can't even get to people in to LEO spending money on interstellar space travel is completely nuts.
So, how about you get to Mars first, maybe then we can talk.
There is pretty much zero chance anyone in the private sector is going to sink any money in to interstellar space travel unless there is a juicy cost plus government contract funding it. If you dangle one of those Lockheed and Boeing will be on it in a heart beat, especially if the contract runs for a 100 years before they have to deliver anything.
This "foundation" will just be used by the DARPA haters in Congress, mostly Republicans and Tea Partiers, as further evidence of how far DARPA and the Obama administration has gone off the rails, and after reading this I can see their point.
DARPA does some amazing things but they need to exert a little self restraint and focus on things that will payoff in less than a millenium. It will be unfortunate if the good R&D DARPA does gets cuts because they seem to have gone completely nuts on this. The U.S. doesn't do enough R&D as it is.
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