The latest research of U.S. economic data conducted by the Independent Sector shows that the average value of volunteer service in 2023 reached $33.49 per hour, up 5.3% from the $31.8-per-hour estimate for the year before and the $29.95-per-hour estimate for 2021. According to the IS data, this is the sixth consecutive year of sizeable increases, going back to 2018 when the value jumped by 7.4% from 2017.
In the nonprofit sector, nearly all experts agree that board self-assessments are an invaluable tool in ensuring a nonprofit's most senior leadership is staying on course and keeping up with the task at hand—directing a complex organization with many moving parts, often with various competing interests that are vying for limited resources and keeping it moving towards a long-term goal.
To be sure, nonprofit boards have a lot of duties and responsibilities to stay on top of, but one that might not get as much attention as it should is crisis response.
There are many roles for board members when it comes to fundraising. But one of the most critical is that of the thanker, according to Sabrina Walker Hernandez, President and CEO of Supporting World Hope
Experts have long argued that nonprofit organizations with extensive histories should keep a wary eye out for signs of mission creep—typically understood as when a nonprofit expands its mission and goals beyond what it was originally founded on.
New research shows that charitable donations made in the form of cryptocurrency continues to rise, with the total hitting the $2 billion mark as of January 2024, according to the Giving Block, a fundraising platform focused on enabling philanthropy via digital currencies.
As nonprofits mull ways to entice members of younger generations to engage more deeply with their organizations—as volunteers and as future board members—experts say starting an associate board could be just the ticket.
Recent research from Indiana University's Lilly Family School of Philanthropy finds that charitable giving is expected to rise 4.2% in the U.S. this year, and mark sizeable growth the following year as well. This comes after lackluster returns for the last few years, leading some to question if nonprofits will be well situated to take advantage of the surge in giving.
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