(WASHINGTON, April 13, 2009) -- Independent Sector announces that the 2008 estimate for the value of a volunteer hour is $20.25, an increase from $19.51 per hour in 2007.
“The new volunteer time estimate only underscores the indispensible contributions that volunteers make in enabling our country’s 1.4 million charitable organizations to serve their communities,” said Diana Aviv, president and CEO of Independent Sector. “As our nation anticipates final enactment of landmark legislation to expand national and community service programs, this estimate provides one way to quantify America’s growing spirit of volunteerism and commitment to service.”
The new estimate comes out just before National Volunteer Week, which takes place April 19–25. National Volunteer Week celebrates America’s proud legacy of volunteer service and the importance that Americans place on strengthening this country by helping others. The value of volunteer time and National Volunteer Week provide the opportunity to acknowledge the millions of individuals who dedicate their time, talents, and energy to making a difference.
IS calculates the hourly value of volunteer time based on the average hourly wage for all non-management, nonagriculture workers as determined by the Bureau of Labor Statistics, with a 12 percent increase to estimate for fringe benefits.
Learn more about the hourly value of volunteer time.
Independent Sector is a nonprofit, nonpartisan coalition of approximately 550 charities, foundations, and corporate giving programs, collectively representing tens of thousands of charitable groups in every state across the nation. Its mission is to advance the common good by leading, strengthening, and mobilizing the nonprofit and philanthropic community.