The 2026 Comparison at a Glance
Selling & Consignment
- ✕ Consignment fees take 30% - 60% of the sale price.
- ✕ Earnings are often considered taxable income.
- ✕ Items often sit in another person's closet, under-utilized.
- ✕ Zero long-term societal or charitable impact.
Donating to FashionablyGood
- ✓ Full 100% Fair Market Value tax deduction.
- ✓ Itemized 501(c)(3) receipts plus comparable-sales value guides to support your filing.
- ✓ Items are rented repeatedly, maximizing use and sustainability.
- ✓ 100% of profits fund local and global charitable causes.
The Financial Math: Why High-Net-Worth Donors Choose FashionablyGood
When you sell a $5,000 Chanel bag on a major consignment platform, you might walk away with $2,500 after fees. And that $2,500 could be subject to income tax.
When you donate that same bag to FashionablyGood, you receive a $5,000 tax deduction. For a donor in the 37% tax bracket, that's **$1,850 in direct tax savings**, plus the immediate "liquidity" of a tax receipt instead of waiting months for a sale.
Potential Net Benefit Comparison
*Comparison assumes itemized deductions.
Benefit Society, Not Just a Closet
Selling your clothes often means they just move from your closet to another private closet. They remain under-utilized and eventually destined for a landfill.
At FashionablyGood, your pieces become part of a **circular fashion library**. One dress can be rented 20+ times, providing access to luxury for dozens of women and generating thousands of dollars for our partner charities. Your donation is a gift that keeps on giving.
Sharing the Story: Know Who Wore It
We believe every piece of fashion has a soul. In 2026, we are introducing **Donor Story Tracking**.
If you choose, you can find out the milestones your pieces have celebrated after they leave your closet. Was your gown worn to a charity gala? A milestone wedding? A high-profile film premiere?
"It's incredible to know my wedding dress helped raise $1,200 for a local women's shelter through its first three rentals."
Sarah, donor
Ready to Start Your 2026 Impact?
Our team is ready to help with logistics, receipts, and your tax paperwork.