Economic Impact of Volunteer Hours

Soroptimist International is a registered 501(c3) not-for-profit organization which depends on the donation of time of members and community individuals and businesses to determine the extent to which it accomplishes it mission to improve the lives of women and girls.

2007-2008 Soroptimist International Worldwide Impact Reprt

Click here to download 2007-2008 Impact Report

Estimating the Value of Volunteered Hours

Calculated annually, Pointsoflight.org
estimates the 2008 dollar value of a volunteer's hour
to the community to be $20.26. Read the Independent Sector organization's'
comments and observations
Another Volunteerism Perspective:Specific article topic reference.

Estimate the Value of Your Volunteer Service
to Our Community
With this Calculator
from The Points of Light Foundation

The Velocity/Multiplier Effect of $1 Spent in Local Communities

According to current Chamber of Commerce figures, one dollar spent in a
local communit changes hands a minimum of three times before leaving the community.
Some economists place the multiplier to having an impact on as many as seven individuals,
entities, corporations, etc., by virtue of being spent locally.

The multiplier effect has been highlighted in Accounts Receivable Past Due Stamps on business statements
during past recessions by the phrase: "Please Pay Us, So We Can Pay Them." But the multiplier is
even more apparent, when considered, in the simple purchase at any retailer, insurance agency, or services provider.

How many individuals benefitted from the $1 you spent today?
How many times did the dollar travel by being "re-spent" by virtue of salary or spending?
Did that dollar actually come back to you in a tangible or intangible way?
.
Contact your local Chamber of Commerce
to obtain more information about how this
calculation is made by their organization.

Food for Thought!

Copyright 2006-2010 Soroptimist International of North East Suburban Franklin County. Soroptimist International of the Americas, SIA Midwestern Region, and/or affiliate clubs, inviduals, partners and corporate or professional sponsors. Information, art, and images may not be used without prior written permission. Soroptimist International of NESFC assumes no responsibility for information, services, and products of third-party entities linked as web sites herein. Soroptimist International of the Americas and Soroptimist International of NESFC are registerest as not-for-profit 501(c)3 organizations in the United States.