Report: Value Of Volunteer Time Up | The NonProfit Times

| April 11, 2013

The estimated average value of a volunteer hour was $22.14 in 2012, an increase of 35 cents, according to a new report from Independent Sector (IS).

The Washington, D.C.-based advocacy group releases a dollar estimate of the value of volunteer hours every year as a way to acknowledge the work of volunteers across the country. According to the Corporation for National and Community Service (CNCS), 64.3 million Americans volunteered in 2011, its highest level in five years. These individuals gave approximately 7.9 billion hours of service time worth $171 billion. The estimates for 2012 are scheduled to be released later this summer.

“Volunteers continue to be vitally important to nonprofit and philanthropic organizations in this country,” said Diana Aviv, president and CEO of Independent Sector. “The value of volunteer time is a reminder of the immense contributions of volunteers to our organizations and our communities.”

Read more at Report: Value Of Volunteer Time Up | The NonProfit Times.

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