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.
- ✕ Nothing goes to charity.
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 out again and again instead of sold once.
- ✓ 100% of net rental profits go to the charities on our Honor Roll.
The Financial Math: Selling vs. Donating
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 a tax receipt now instead of waiting months for a sale.
Potential Net Benefit Comparison
*Comparison assumes itemized deductions.
Where the Piece Ends Up
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 join a circular fashion library. One dress can be rented 20+ times, and 100% of net rental profits are split across the charities on our Honor Roll at year end.
Sharing the Story: Know Who Wore It
In 2026, we are introducing Donor Story Tracking.
If you choose, you can find out where your pieces went after they left your closet: a charity gala, a wedding, a film premiere.
Ready to Donate?
We handle the logistics, the receipt, and the tax paperwork.