Value of Volunteer Time

Publication date: 
April, 2015

Independent Sector's study reveals that the estimated value of a volunteer hour reached $23.07 in 2014, up $2.22 from 2009. According to the Financial Accounting Standards Board the value of volunteer services can also be used on financial statements - including statements used for internal and external purposes, grant proposals, and annual reports - if a volunteer is contributing a specialized skill to a nonprofit.

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