One way Catchafire communicates the short term impact of a volunteer project is through an estimate of the value created through each engagement. We calculate the short-term dollar value based on the following:
An hourly rate and estimated hours that reflect the skills of and time donated by our pro bono professionals
An estimated and validated cost for project scoping
An estimated and validated cost for talent sourcing
As a result, we’ve seen an average increase in dollar value of 55% for projects and 79% for phone calls. We believe this new methodology better reflects the true value that pro bono professionals provide — and Organizations receive — when getting work done through Catchafire.
Tip: You can always view the Impact Story of your project, which includes the assessment of its estimated dollar value, on your project page! To browse more Impact Stories from the Catchafire community, check out our Impact Page.