Accounting Standards

Value of Volunteer Time

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.

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