How to Calculate the Value of Volunteer Time

Sara Leonard, MBA, CFRE Tips

Some things in life are hard to put a value on — love, passion, dedication, selflessness. These are all attributes volunteers embody, but how can nonprofits determine the value of a volunteer hour? Each year, Independent Sector gathers data and conducts research on volunteerism in the nonprofit sector. The results of that research provide nonprofits a way to calculate the …

Three volunteers with a nonprofit staff member talking about a project

Volunteer Resources for Nonprofits

Team NLC Tips

According to the most recent report from the U.S Bureau of Labor and Statistics, 62.6 million Americans — about 1 in 4 U.S. adults — volunteer. LinkedIn reported that its users added more than 110,000 volunteer activities per month during the pandemic, double the rate of 2017. Given the significant, and often critical, role volunteers play, nonprofits must be armed with volunteer resources to …