Value of volunteer time jumps

The estimated value of volunteer time in the U.S. rose to $18.77 an hour last year, bringing to $152 billion the total value of time donated by American adults.

The 2006 hourly rate was calculated by Washington, D.C.-based Independent Sector, a coalition of nonprofit organizations, and was up from $18.04 an hour in 2005.

The estimate is based on average hourly-wage data from U.S. Bureau of Labor Statistics for all non-management, non-agricultural workers in the U.S. and includes a 12 percent markup for fringe benefits.

The Corporation for National and Community Service says American adults volunteered a total about 8.1 billion hours from September of 2005 to September of 2006, based on data from the U.S. Bureau of Labor Statistics.

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