The estimated dollar value of volunteer time is $21.79 per hour for 2011, according to the Independent Sector, a coalition of charities, foundations, corporations, and individuals that publishes research important to the nonprofit sector. It reports annual statistics on the estimated dollar value of volunteer time, including historical values back to 1980 and values for each state.
Nonprofit organizations typically use the value of volunteer time to demonstrate the support they receive from their communities. Independent Sector advises that if your organization plans to include the value of contributed services in financial statements, including grant proposals, you will need to understand and implement accounting criteria established by the Financial Accounting Standards Board (FASB).
More statistics on volunteers in the US and abroad can be found on Energize, Inc's Statistics on Volunteering page.
More articles about nonprofit employment and volunteering»
Selected resources below also may help.
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Books and Articles
Check title availability at our libraries and Cooperating Collections or your local libraries.
The latest publications in the Catalog of Nonprofit Literature about foundation giving in economic downturns available at Foundation Center libraries, some Cooperating Collections, or through your local public library.
- Voluntarism
- Fundraising Planning
- Managing Nonprofits
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