One thing you can do is if it is in perfect condition, you can give them away to a child who has very little. But sometimes they are just thrown in the trash because they are missing an eye or other part, and most people do not have the time or ability to fix the toy.
This is where I decided to rescue some of the toys in my house. Rather than just tossing them, I took the ones in really good shape, and repurposed them. I washed them, removed any potential harmful bits such as ribbins, jingle bells, plastic eyes, and unknown stuffing etc. I then repaired any rips, embroidered on new eyes/noses and replaced the stuffing with new poly quilt batting. The ones that are to be used as dog toys I added a small squeaker.
Now are these not just adorable?
I can also leave out the squeaker if your dog does not like those, or add catnip to them so that you can give them to your cat.
To see more available dog toys, please feel free to visit my studio!