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https://www.learningtogive.org/resources/impact-volunteer-sector-within-united-states
It also impacts the gross domestic product, or GDP. In 2018, 63 million Americans served about 8 billion hours to support communities. Voluntary service has a financial value to the economy of $24.69 per hour, which is equivalent to $297.5 billion/year. This article explores the impact and motivation of volunteerism.
https://www.bedelfinancial.com/the-unexpected-economic-value-of-volunteering
Aug 14, 2017 · If each volunteer averaged only three hours of work, the economic contribution could be greater than $1 million. Indy Do Day was patterned after the Lilly Global Day of Service, which takes place this year on September 28th (lillyglobaldayofservice.com).
https://www.volunteerscotland.net/media/254583/guidance_-_calculating_the_economic_value_of_your_volunteers.pdf
Many projects and organisations find it helpful to put a financial value on the hours their volunteers’ contribute. This can be expressed as an annual or monthly figure, or as the number of FTE (full time equivalent) posts. STEP 1: Focusing To measure the economic value of your volunteers you will need to think about:
https://volunteer.ca/index.php?MenuItemID=374
Many funders ask organizations to measure the economic value of volunteer time for the projects they fund. Often, organizations use a simple wage replacement calculation. Volunteer hours are multiplied by an hourly rate. And this estimates the economic value of volunteering. There are …
https://www.energizeinc.com/hot-topics/2008/november
Feb 24, 2009 · Every volunteer hour is value added to the organization. In the United States, the value of the volunteer time is an estimated economic contribution of $158 billion dollars annually. With well-planned and well-executed efforts, it is possible to bring an increased share of those resources to your organization during these challenging financial times.
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