2006 Value of Volunteer Time

Posted by on April 9, 2007

The 2006 Value of Volunteer Time has just been released by Independent Sector. The estimated dollar value of volunteer time is $18.77 per hour. For more information click or paste this link: http://www.independentsector.org/programs/research/volunteer_time.html

Notes: The value of volunteer time is based on the average hourly earnings of all production and nonsupervisory workers on private nonfarm payrolls (as determined by the Bureau of Labor Statistics). Independent Sector takes this figure and increases it by 12 percent to estimate for fringe benefits. Charitable organizations most frequently use the value of volunteer time for recognition events or communications to show the amount of community support an organization receives from its volunteers.

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