As part of our new subscriber‑only series of online articles that expand on our recent Guide to Multistakeholder Initiatives, we take a closer look at Amsterdam-based Fashion for Good, which was founded in 2017 in a bid to “accelerate system change” in the fashion industry.
We’ll be publishing a different, updated MSI profile every week – spread over the coming months – to provide our subscribers with clear, searchable, structured resources to help them navigate these organisations, understand their value, and make informed choices about who to engage.
The latest financial accounts filed by Dutch Stichting foundation Fashion for Good presents a financially stable but transitional profile through 2024, with the Amsterdam museum closure reshaping its operating model toward project-based innovation work funded primarily through restricted grants and supported by a related-party service provider.
The foundation generated a modest €68,000 surplus in 2024, down significantly from the €223,000 surplus it achieved in 2023, representing a 69.5% year-on-year decline in operational result. This compression reflects the museum wind-down: total revenue fell 17.5% from €2.556 million to €2.108 million, while total expenses contracted by only 12.6% from €2.373 million to €2.074 million, indicating lagging cost adjustment.




