Donor Advised Fund
I currently have several taxable investing accounts. One is saving for a car. I am curious if there is a way to use a Donor Advised Fund (DAF) in YNAB to save on taxes. . Here is what I am thinking.
Let's say it's time to purchase a $5,000 car. Since we regularly give a 10% tithe to our church, I could take $5,000 from our investment portfolio and put it in a DAF to avoid capital gains. After, when I get paid I could take the 10% that we would normally give to the church, set it aside for savings, and take that amount out of our DAF and send it to the church. It would take several months to "recoup" all of the fund, but with enough planning we could avoid the Capital gains. I would essentially setup a budgeted account in YNAB to track it all. Any thoughts?