GlobeNewswire
WASHINGTON, DC, Oct. 17, 2022 (GLOBE NEWSWIRE) -- National service disaster response efforts return as much as $11.96 for every federal dollar invested, according to a study issued by AmeriCorps, the federal agency for national service and volunteerism. The return-on-investment study focused on the value of federal funding invested in SBP AmeriCorps, a national organization that engages in disaster recovery efforts across the country.
ROI analyses of national service programs estimate the monetary value of benefits that a program generates per dollar invested. The total benefits per funder dollar are driven by favorable employment and education opportunities for AmeriCorps members following their service, increased tax revenues and reduced spendings as a result of member outcomes, and other benefits to government including reduced construction time and construction costs following disasters.
“AmeriCorps’ disaster response is a core focus area for the agency as we continue to make AmeriCorps members and staff available following mass disaster declarations,” said Michael D. Smith, AmeriCorps CEO. “Not only does our work with organizations like SBP yield positive benefits for the government and AmeriCorps members, but it also enables us to respond rapidly to emerging disasters. Currently, AmeriCorps and SBP teams are on the ground in Florida and Puerto Rico providing immediate relief from both hurricanes and dozens of teams across the nation are contributing to long-term recovery efforts.”
SBP seeks to build disaster resiliency amongst those most vulnerable and streamline the rebuilding of homes for those who have survived disaster to reduce the time and cost of disaster relief.
Key SBP benefits were monetized and compared with full program costs in the study, including
Reduced construction time and construction costs for federal and state governments
Increased post-service earnings by AmeriCorps members
Increased living allowances, stipends, and education awards to AmeriCorps members
Increased tax revenue for government
Reduced lifetime spending on corrections, public assistance and social insurance
AmeriCorps was recognized for outstanding performance in the Results for America’s 2021 Invest in What Works Federal Standard of Excellence. The Federal Standard of Excellence recognizes agencies that use data-driven decision-making to get results for young people, their families, and communities and improve the impact of federal investments. Specifically, AmeriCorps was highlighted for the agency’s use of data and evidence to increase the impact of national service grants in more than 40,000 communities to make government investment as effective and efficient as possible.
AmeriCorps, the federal agency for national service and volunteerism, provides opportunities for Americans to serve their country domestically, address the nation’s most pressing challenges, improve lives and communities, and strengthen civic engagement. Each year, the agency places more than 250,000 AmeriCorps members and AmeriCorps Seniors volunteers in intensive service roles; and empowers millions more to serve as long-term, short-term, or one-time volunteers. Learn more at AmeriCorps.gov.
AmeriCorps offers opportunities for individuals of all backgrounds to be a part of the national service community, grow personally and professionally, and receive benefits for their service. Learn how to get involved at AmeriCorps.gov/serve
Attachment
National Service Press Office
AmeriCorps
[email protected]
source: https://www.morningstar.com/news/globe-newswire/8666747/americorps-reports-12-return-per-dollar-invested-in-disaster-relief
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