The gofundme link is a bit of a red flag to me. I would expect a project like this to be sponsored by a collection of churches and/or universities. You'd need people who specialize in translation, people who study Elizabethan literature, people who write well in modern English, people with an ear for poetry, people who read Greek and Hebrew and Aramaic. It shouldn't be just one guy with a gofundme page, unless that guy has a lot of expertise.
This betrays my bias as an academic, I admit

, but, yeah, translating a work of Elizabethan literature into modern English is a scholarly and literary undertaking that should be done well, if it's going to be done.