My husband and I looked into donating cord blood too, but we couldn't find anything on line. My midwife said that very few places will even accept it anymore because of the cost of collecting and storing it. Mainly pharmaceutical companies used to collect it for research, but now there are too many regulations and tests that would have to be done first.
We didn't want to pay to bank it for ourselves, but even if we wanted to donate it, the hospital would have charged us. I feel bad that it wasn't able to be saved to help someone out, but we didn't have the money to pay to donate it.