Wednesday, February 3, 2016

National Value of Volunteer Time - 2014 :: $23.07

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National Value of Volunteer Time

Latest Estimated Value of Volunteer Time – 2014
National:   $23.07 per hour

The estimate helps acknowledge the millions of individuals who dedicate their time, talents, and energy to making a difference. Charitable organizations can use this estimate to quantify the enormous value volunteers provide.

According to the Corporation for National and Community Service, about 62.6 million Americans, or 25.4 percent of the adult population, gave 7.7 billion hours of volunteer service worth $173 billion in 2013.2 For the latest information, please see Volunteering and Civic Life in America 2015

The value of volunteer time is based on the hourly earnings (approximated from yearly values) of all production and non-supervisory workers on private non-farm payrolls average (based on yearly earnings provided by the Bureau of Labor Statistics) for the national average. Independent Sector indexes this figure to determine state values 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.  READ MORE @

State Values of Volunteer Time

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