Welcome to our blog, shining a spotlight on the unsung heroes of change – trustees.
These incredible individuals are the heart and soul of nonprofits, guiding the ship toward meaningful impact. Trustees play a vital role, not just in boardrooms but in the very fabric of society, fostering transparency, innovation, and accountability.
As we celebrate Trustees Week (6-10 November), let’s explore the immense value these volunteers bring to our communities. Traditionally, there’s been a reluctance to put a price on freely offered commitment, especially at the trustee level. But times are changing, and the tide is turning.
Ever wonder why the incredible economic contribution of volunteering is often overlooked? Well, so have we. Enter a recent game-changing study by Works4U, led by the insightful Dominic Pinkney, titled “Monetary Value of Charity Trustees.” Brace yourselves—it’s a real eye-opener!
Starting with Sherry Anderson’s wisdom that “volunteers don’t get paid, not because they are worthless but because they are priceless,” the report unveils the true economic magnitude of volunteering in England and Wales—£324 billion, a staggering 14.7% of the UK’s GDP. Let that sink in. To put it in perspective, that surpasses the NHS budget for 21/22 (£190 billion). And the good news doesn’t stop there.
Drilling down into the world of trustees, the report reveals their value at £33.17 billion, equivalent to 1.7% of GDP. Think about it—more than the total value of manufacturing in 2022 (£31 billion)! With the average number of trustees per organisation being 6, these figures are awe-inspiring.
But what does this all mean? It means change is on the horizon. The report not only advocates for recognising the economic value of volunteering but suggests a dedicated government department for the entire Voluntary Sector. A world where Trustee roles are championed on the same scale as business, sports, and culture. While we might not see it overnight, a shift in attitude toward the sector is certainly on the cards.
Excited to join this movement? The good news is that new trustees are always in demand. If you want to join this impactful journey, become a volunteer or a volunteer involving organisation (VIO). Volunteering Kingston is ready to help you maximise the value of your contribution.