Good question! I, too, have a lot of upholstery fabric because my long deceased MIL had an upholstery shop. I have some full bolts, but it's mostly out-of style. However, I have thought of making some tote bags or cushions from some. If your's is more up to date, make placemats, area rugs to place beside the bed, throw pillows, etc.
I plan to use some of the full bolts which are probably 40+ yrs. old to make sleeping bags for the homeless as seen in the "Ugly Quilt Ministry"
http://www.reese.org/sharon/uglyqult.htm
I actually know someone now who works with the homeless, so I'd have a way to get them distributed.