Sector Collaboration

Resource

Summit on Tobacco & Opioid Addiction for Indiana Funders

A presentation held on September 14, 2016, for Indiana funders, which was presented by the Richard M. Fairbanks Foundation and Indiana Philanthropy Alliance. The Richard M. Fairbanks Foundation, a private, independent foundation located in Indianapolis, recently focused a portion of its grantmaking on two primary causes of Indiana’s negative health outcomes: opioid prescription drug/heroin addiction, and tobacco use.

Knowledgebase

Value of Volunteer Time

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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