Philanthropy includes contributions of all different kinds of offerings, including our treasure, time, talent, ties and testimony. All of these diverse ways of giving are relevant and important to fostering community strength and well-being.
Time, or hands-on engagement in charitable work, is an especially valuable commodity. Independent Sector annually calculates the value of an hour of volunteer time, to help quantify the immense benefit to society. The current estimated national value (based on 2023 data) is $33.49; the math is based on sector-wide average earnings and the cost or value of services provided.
Beyond the financial implications, volunteering does something for us as humans. It allows us to grow our knowledge and generate meaningful interactions. It also feels good: recent studies have shown that volunteering generally leads to a better sense of well-being and overall happiness for the participant. Skill-based volunteering–when you leverage your professional and personal expertise to help nonprofits achieve impact–often offers you deeper connections, whether through a day of service or longer-range pro bono consulting project.
This type of engagement reflects Moneta’s values and practices. In 2023, employees engaged in 1,101 hours of volunteer work on behalf of the firm across a wide range of nonprofit partnerships. This does not include the many pro bono hours spent serving as trustees, advisory board members, committee members and civic leaders. All Moneta employees receive 8 hours in Volunteer Time Off (VTO) per calendar year, providing paid time off to volunteer with a nonprofit charitable organization of their choice.
Think of VTO as Volunteer Time ON. How will you contribute?
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