The proliferation of volunteering for development (V4D) models, approaches and funding sources means V4D is no longer able to be neatly located within the third sector. The enormous diversity of interactions within the Youth V4D (YV4D) field provides an opportunity to examine new and different activities and trajectories to ascertain the extent to which the traditional values of V4D, reciprocity and solidarity continue to form part of YV4D. Using the classical third sector model of Evers and Laville (The third sector in Europe, Edward Elgar, Cheltenham, 2004), and drawing on Polanyi (The great transformation: the political and economic origins of our time, Beacon Press, Boston, 2001 [1944]) and Mauss (The gift. The form and reason for exchange in archaic societies, Routledge, London, 1990 [1925]), in particular their concepts of redistribution and reciprocity, we present three case studies of new hybrid YV4D trajectories—university YV4D, state YV4D programmes, and volunteer tourism/voluntourism—to reveal the different logics and features of contemporary YV4D. We argue that understanding these contemporary YV4D trajectories requires a focus on organisational and stakeholder structures of diverse volunteering activities, their relational logics and the forms of reciprocity they involve. We find that in the YV4D case studies we explore the neoliberal market logic of exchange, along with political ideologies and state interests, affects the YV4D model design.