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Google’s “just so we can claim there’s competition in the marketplace” payment to Mozilla to stay the default search engine is what funds most of Firefox, even without the executive pay and unrelated nonprofit work. Building and maintaining a browser engine is not cheap, I don’t think mere individual donations are going to help here.
Without the reputation and contacts of Mozilla, those devs also wouldn’t have much of a say in the social side of browser development, like web standards and certificate authority programs.
I’d love a first party Firefox fork that’s not limited by Mozilla’s desperate attempts to stay afloat when Google decides not to keep them around anymore, but I don’t think a few developers are going to be enough to get it done. The current situation, “Firefox but with very minor tweaks”, is probably the best we can expect for now.
For what it’s worth, the UK still has the GDPR-derived law, though the decisions by the EU courts may no longer affect execution of it. Plenty of non-EU European countries, though.