Independent Sector Announces New Estimate for Value of Volunteer Time

(Washington, D.C., March 30, 2007) -- Independent Sector announces that the 2006 estimate for the value of a volunteer hour has reached $18.77 per hour. Such an estimate can be used to help organizations quantify the enormous value volunteers provide. The 2006 estimate increased from $18.04 per hour in 2005.

“The true value of volunteer time is the vital role that they play in helping millions of charitable organizations and communities across the country,” said Diana Aviv, president and CEO of Independent Sector. “Volunteering is about giving, contributing, and helping others. The new estimate helps put into perspective the enormous contributions provided by our nation's volunteers.”

The release of the new estimate for the value of volunteer time coincides with preparations for National Volunteer Week, which takes place April 15-21. National Volunteer Week recognizes and celebrates America’s proud legacy of volunteer service and the value 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.

Learn more on the value of volunteer time.

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Independent Sector is a nonprofit, nonpartisan coalition of approximately 575 charities, foundations, and corporate philanthropy 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 charitable community.