The estimate is based on the average hourly earnings (plus 12 percent, to account for fringe benefits) of all production and non-supervisory workers on private non-farm payrolls as calculated by the Bureau of Labor Statistics. Announced earlier this month in conjunction with National Volunteer Week, a program of Points of Light, the estimated value of a volunteer hour was highest in the District of Columbia ($41.72), followed by Massachusetts ($32.15), Washington ($31.72), Connecticut ($31.05), New York ($30.18), and California ($29.95).
Some sixty-three million Americans currently volunteer about eight billion hours with an estimated value of approximately $203.4 billion to nonprofit organizations of all types.
"Volunteerism has been a driving force in the strength and power of our civil society since this country's founding," said Independent Sector president and CEO Dan Cardinali. "We know that giving of our time, talent, and effort transforms organizations, communities, and our nation, and also has profound effects on the individuals giving their time. The Value of Volunteer Time gives us just one concrete measure to illustrate the power of individuals to transform communities."
"We believe the most powerful force of change in our world is the individual — one who takes action and makes a positive difference," said Points of Light president and CEO Natalye Paquin. "This data shows the value that volunteers bring to the sector and the world. When people use their talents and skills to take action and support causes they care about, we can build a stronger, more just and equitable world."
(Photo credit: GettyImages)