Value of volunteer time
Posted by on April 15, 2005
The Philanthropy News Digest reported the following:
Independent Sector (<a href="http://independentsector.org/">http://independentsector.org/</a>) has announced that the value of volunteer time has reached $17.55, up 36 cents from a year earlier.
The hourly value, updated yearly, is based on the average hourly earnings of all non-agricultural workers as determined by the Bureau of Labor Statistics. To arrive at its figure, Independent Sector took the BLS number and increased it by 12% to estimate for fringe benefits. Nationally, IS estimates the total value of hours volunteered in 2004 was equivalent to approximately $272 billion of contributed services, assuming the total number of volunteer hours held constant from previous years.
"No number can adequately capture the true value volunteers bring to so many causes and communities across this country," said IS president and CEO Diana Aviv. "Nevertheless, this yearly estimate helps us all focus on the enormous contribution of our nation’s volunteer corps."
More in "Miscellaneous"
- 2024 Collective Success Network STEM Career Exploration Program – Dec 15
- Virtual Conversation: Aligning BDEI with Civic and Community Engagement Functions in Higher Education – Dec 12
- 2023 Teach Plus Philadelphia Affinity Group Network Participant Interest Form
Stay Current in Philly's Higher Education and Nonprofit Sector
We compile a weekly email with local events, resources, national conferences, calls for proposals, grant, volunteer and job opportunities in the higher education and nonprofit sectors.