If you set it up on Ethereum, then yes, it probably will be too expensive in your case. However, there are several other chains where you could set up a DAO wit

If you set it up on Ethereum, then yes, it probably will be too expensive in your case. However, there are several other chains where you could set up a DAO with close to zero gas fees. For example Polygon or Fantom, among others. The major hurdle atm is "bridging" assets onto these newer chains. Most exchanges currently only support the big players, but as these grow and mature, adoption and UX/DX should improve as well.