Value of volunteer time rose nearly 5 percent in 2020
Independent Sector has announced that the estimated value of volunteer time in the United States reached $28.54 in 2020, up from $27.20, or 4.9 percent, in 2019.
Calculated by the University of Maryland’s Do Good Institute, the estimate is based on hourly earnings released by the U.S. Bureau of Labor Statistics and uses data from AmeriCorps on volunteer hours. According to the Value of Volunteer Time, volunteers typically contribute nearly $200 billion to U.S. communities; there is evidence, however, that the number of hours volunteered by Americans in 2020 fell due to COVID-19.
State-level values range from $13.74 per hour for Puerto Rico to $48.67 per hour for the District of Columbia.
“As we celebrate our volunteers during National Volunteer Week, we should know just how much value these tireless individuals contribute to creating a healthier and more equitable nation,” said Independent Sector president and CEO Daniel J. Cardinali. “As we work through our second year of a global pandemic when people, organizations, and communities continue to suffer, the contributions of volunteers have been an often life-saving and critical component to us enduring and rebuilding for future generations to come.”
“Independent Sector releases new value of volunteer time of $28.54 per hour,” Independent Sector press release, 04/20/2021.
Reprinted from PND.