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I got the idea by learning about donor advised funds https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html https://www.nytimes.com/2018

• HWR_14 4y ago
  He gave the money to a charity he controls. That's different from keeping the money until later. He can do a lot of things with it, but not buy a house. It's not his money anymore.
  • mrcode007 4y ago
    I understand you can’t buy a house. You could for example donate to build a building at a college and get your kid into college instead ;) Some donors give with tax benefits in mind and dual intent giving , while some give just to give. In general, you can always ask yourself if a person giving is increasing their net asset value while giving or declining asset value while giving. The mathematics are fairly elementary even when you account for compounding rates
    • HWR_14 4y ago
      Yes, and you can get benefits from donating. But you said they got tax benefits from promising to donate. They do not. They get tax benefits from donating to a non-profit they control (which I agree isn't good), but the donation happened! It's not their money.