Item B: Arts & Economic Prosperity IV (AEP4)

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An Economic Impar=t Beyond Dollars: Volunteerism While arts volunteers may not have an economic impact as defined in this study, they clearly have an enormous impact by helping the City of Eugene's nonprofit arts and culture organizations function as a viable indusay°. Ails cif Economic Prosper iry N reveals a sipificant contribution to nonprofit arts and culture organizations as a result ofvolunteerisrn_ During 2010, a total of 3,315 volunteers donated a total of 175,724 hours to the City cf Eugene's participating nonprofit arts and culture Drganizatiens. This represents a donation of time with an estimated aggregate value of $3,753,465 (Independent Sector estimates the dollar value of the average 2010 volunteer hour to be $21.36). The 29 pailicipatirrf, organizations mperrted an tavenage of 53.0 volRintcers who voltinterred an average of 114.3 hou.r5, for a rocal of 6,059 hours per ocganiz- ition. The Value of Ire -Kind Contributions to Arts Organizations Ilia participating organizations were asked about the sources and value of their in -kind support. In -kind contributions are non -cash donations such as materials (e.g., office suppliers from a local retailer), facilities (e.g., rent), and services (e.g., printing costs from a local printer). The 29 participating nonprofit arts and culture organizations in the City of Eugene re=ported that they received in -kind contributions with an aggregate value of $848,261 during fisc=al year 2010. Theses contributions were received from a variety of sources including corporations, individuals, local and state arts agencies, and government, "At Aetna, we encourage our employees to be active volunteers. It's good for the employee, good for the community, and a source of corporate pride. The :research also males clear that employees who are engaged in the community are more engaged at the workplace --and that is good for business. Arts organizations are part of the fabric of healthy community, so we are delighted to provide incentives to our workers to be regular ate volunteers.Ae — Floyd W. Gran, III Head of Community Relations and Urban marketing Aetna fists & L 1 C0rP0 1c Pr0$perUY 1V I Arnerer ons for ehe Arts 7