I really like the idea of self teaching educational videos. If anything, you'd be making a great contribution to society for those who can't seem to get an education for financial, etc. reasons.
It's a viable but very work intensive plan. Writing your own textbook seems like a pretty big bottleneck. In my opinion, don't waste your time writing your own textbook at first, just go straight off of an existing textbook to make your videos. Math, science, bio is math, science, bio. I don't think you'd run into any trouble unless you start copying unique problem strategies. As far as a means of donation, I think a project like this would be so highly praised that many humanitarian/university/etc. organizations would be more than willing to help fund you.
As for covering your costs, you could create your own textbooks, but not the usual type. I'd really like textbooks that are more concise and cut the crap. Just give me the damn formulas, how they work, and why we use them. Then a section of practice problems. I don't want to read about how neat it is to graph a 3d image of the shape of a cowbell using trig functions. If you could make that type of textbook, I'd buy it. Also, you always could create white label versions of your product and sell them to institutions and universities for the hosting of their own videos/podcasts for their student body.
It's an ambitious but awesome plan.