Dear FAFC Members & Friends:
Today, you can see your membership dollars at work as Independent Sector (IS) shares one of their most popular data points, the value of volunteer time.
The 2012 value of volunteer time is $22.14/hour, a 35-cent increase from 2011. State-by-state figures for the value of volunteer time are also available on the IS website.
The value of volunteer time provides one way to measure the impact millions of individuals make with each hour they dedicate to make a difference. The release of this important figure comes before National Volunteer Week, which takes place April 21-27, 2013.
According to Urban Institute, nonprofits employ approximately 13.7 million workers – about 10 percent of the American work force – and account for about 5.5 percent of GDP. According to the Corporation for National Community Service, about 64.3 million Americans, or 26.8 percent of the adult population gave 7.9 billion hours of volunteer service worth $171 billion in 2011; estimates for 2012 will be released this summer.
Please use this figure to calculate the immense value of your own volunteers and share it with others in the nonprofit and philanthropic sector.
Manivone Douangdara, MPH