Knowledgebase
Publication date:
06/2010
Independent Sector's study reveals that the estimated value of a volunteer hour reached $20.85 in 2009, up 60 cents from 2008. 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.