Spotlight: Fashion for Good

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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.

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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.

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