Turn your IPO windfall into decades of giving — without the capital gains tax.
The months around an IPO are the single best window in your financial life to give well — gift shares directly and the gain is never realized.
$200B+
Charitable assets supported
60%+
U.S. DAF assets using Ren technology
40+
Years serving philanthropists
100,000
charities supported
See what your shares are really worth when you give them.
If you sell shares and donate the cash, you pay capital gains first — and the cause you care about gets what's left. If you gift the shares directly to a donor-advised fund, the gain is never realized, and your cause receives the full value. At the scale of an IPO position, the difference can fund years of meaningful giving.
Your inputs
FMV of shares:
—Total unrealized gain:
—Gifting shares directly sends this much more to charity
—
Plus — in extra deduction value — for — in total tax benefit advantage.
Sell & donate cash
—
Gift shares directly
—
| Pre-sale Sell shares → donate cash | Post-sale Gift shares directly to a DAF | |
|---|---|---|
| Value of shares | — | — |
| Capital gains tax | — | — |
| Amount donated / charitable deduction | — | — |
| Potential income tax savings | — | — |
| Funds available to DAF | — | — |
Illustrative only. Assumes shares held more than one year (long-term) and that you itemize. For 2026, charitable deductions are only deductible to the extent they exceed 0.5% of AGI — meaning the first 0.5% of AGI in contributions is not deductible. Results shown assume deductibility above this threshold and within applicable AGI limits. Actual results depend on your specific tax situation, state of residence, and timing. Consult your tax advisor before acting. Ren does not provide legal or tax advice.
Give now. Decide later.
You don't need to know exactly which causes you'll fund or how much you'll give over time. You need one decision that buys you time — opening the vehicle that will hold your gift while you figure out the rest. Liquidity Lab makes that one decision simple.
Open the donor-advised fund
A donor-advised fund takes days to set up, not weeks. Once it’s open, it’s ready to receive shares the moment your lock-up window opens. There’s no minimum payout requirement and no foundation paperwork — just a flexible vehicle waiting for your contribution.
Contribute shares directly
When your shares come off restriction, gift them directly to the donor-advised fund. You avoid capital gains entirely and lock in a full fair-market-value deduction in the current tax year — even if you don’t grant a single dollar yet.
Grant on your timeline
Recommend grants to the causes you care about — this year, next year, or over decades. The tax benefit is already locked in. The giving is yours to direct, at your pace, for as long as you want.
Built for moments like this.
Liquidity Lab is a service of Ren — the operational platform powering donor-advised funds and charitable trusts at many of the country's largest sponsoring organizations. When your moment matters, this is the team that's already done it before.
Capital gains tax mitigation on appreciated shares
Charitable deduction opportunities in the year you contribute
Diversification of concentrated wealth without triggering the gain
Potential income streams for the donor or family members
Flexible long-term charitable planning across years or decades
Multi-generational legacy and philanthropic impact
Donor-advised fund administration at scale
Ren administers donor-advised funds for some of the largest sponsoring organizations in the country. Liquidity events are what we’re built for.
Charitable Remainder Trusts, donor as trustee
For very large positions, a CRT lets you keep an income stream while committing the remainder to charity. You stay in control; Ren handles every IRC compliance requirement.
100% of the compliance, handled.
You focus on giving. We handle trust accounting, K-1s, valuations, and every line of regulatory work that comes with charitable vehicles — across every state.
Wherever you are, start the conversation.
What you build with your capital matters as much as what you built to get here. The earlier you open the conversation, the more your gift can do — but later still beats not at all. Talk to a Ren IPO Expert before the next window.
Liquidity Lab · A service of Ren
reninc.com · A Ren company
Liquidity Lab is a charitable planning service offered by Ren. Calculator outputs are illustrative and based on the inputs you provide; they do not constitute tax, legal, or investment advice. Charitable deductions are subject to AGI limitations, holding- period rules, and other IRC requirements. Consult your tax advisor before acting on any planning decision. Ren does not provide legal or tax advice.
