Louise Chatterton LuchukBy Louise Chatterton Luchuk
January 8, 2007
Not everything that can be counted counts, and not everything that counts can be counted. -- Albert Einstein
We may not know if Einstein was an active community volunteer in his time, but his words provide context for understanding the growing interest in calculating the value of volunteer time.
Eric Plato, director of finance and administration at the national office of Frontier College, became interested a few years ago in how his organization could capture the value of their volunteers’ time. He felt that the organization’s financial statements didn’t show exactly what the organization was about. Explains Plato, “We always say we value our volunteers, but to actually see a number and dollar value has a bigger impact. When we calculated the value of our volunteer time, it showed that they are the biggest part of our resources - even bigger than government funding. That was eye-opening for the board and senior management.”"