Blackbaud, Inc. (BLKB) has collaborated with True Impact, a platform that helps organizations measure the real outcomes of their donations, volunteer work and other contributions. This partnership introduces a unique integration between True Impact and Blackbaud Impact Edge, an artificial intelligence (AI)-powered tool for social impact reporting and storytelling designed for YourCause corporate clients.YourCause acquisition in January 2019 enabled Blackbaud to boost the renewal of cloud solution contracts ...

Multi-Year Gift Will Help Strengthen Communities' Ability to Withstand Disaster and Recover Equitably CHARLESTON, S.C., Jan. 29, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that its 2025 annual major gift will support the Center for Disaster Philanthropy (CDP), a nonprofit organization that helps individuals, foundations and corporations increase the effectiveness of their philanthropic response to disasters and humanitarian cri ...

Core Viewpoint - Blackbaud has announced a partnership with True Impact to integrate social impact measurement data into its Impact Edge platform, enhancing the ability of companies to assess and report on their corporate social responsibility (CSR) initiatives in real-time [1][2][5] Company Overview - Blackbaud is a leading provider of software dedicated to social impact, serving various sectors including nonprofits and education, with over $100 billion raised or managed annually through its platforms [8] - True Impact is a Public Benefit Corporation that assists companies in measuring and maximizing the social impact of their philanthropic efforts, having supported thousands of funders and nonprofits over 20 years [9] Integration Details - The integration will allow Blackbaud's YourCause corporate clients to access predictive, outcome-based impact data, shifting from static reporting to real-time intelligence [1][3] - This collaboration aims to provide a comprehensive, user-friendly solution for CSR reporting, enabling companies to embed impact data into their daily workflows [5][6] Key Features - Outcome-Based Impact Measurement: Companies can quantify philanthropic investments with precision using True Impact's measurement results integrated into Impact Edge [6] - Real-Time Impact Insights: AI-powered dashboards will visualize the actual results of donations, grants, and volunteerism tailored to CSR leaders' needs [6] - Predictive Impact Forecasting: Organizations can plan smarter investments by projecting social outcomes based on established benchmarks [6] - Integrated Storytelling Tools: The platform will help transform data into compelling narratives aligned with corporate goals [6] Market Impact - The partnership is expected to redefine CSR reporting, providing enhanced accountability and transparency, and aligning with stakeholder expectations through credible, outcome-driven reports [2][3]

Program Overview - Blackbaud's Social Good Startup Program supports startups focused on social impact and underrepresented founders in the tech industry [1] - The program has a 92% success rate, with 71 out of 77 startups still operating, compared to the industry average of less than 50% success rate [2] - Participants receive access to Blackbaud resources, marketing opportunities, and non-dilutive grant funding, with tailored growth plans for each company [5] New Cohort Announcement - The January 2025 cohort includes nine innovative startups focused on social impact technology [2][9] - Startups will participate in the annual Blackbaud Social Good Startup Showcase and the tech conference in Philadelphia [3] Startup Highlights - Altruify: A philanthropy management digital marketplace with patented "Donate-Through-Data" technology [6] - Boost My School: A fundraising platform for K-12 schools serving over 150 advancement teams in the US [6] - Collective: A mobile platform connecting mission-driven organizations with local communities [6] - Connect To Give: A suite of solutions for securing multi-year contributions for educational institutions [6] - Daffodil: A network unlocking donor-advised funds by matching donors with nonprofits [6] - KarmaSuite: A tool helping nonprofit finance teams manage restricted grants [6] - Mentor Spaces: A platform for launching or scaling career mentorship programs, unlocking over $1B in corporate volunteer grants [6] - Pledge: An AI-powered platform facilitating over $150M in donations for 50,000+ charities in 100+ countries [6] - Revere Software: A SaaS platform for corporate employee skills-based volunteering programs [6][10] Program Impact - Since its launch in 2020, the program has supported 77 startups, which collectively raised over $220M in funding and contributed 30+ new solutions to the Blackbaud Marketplace [2] - The program enhances value for Blackbaud customers by integrating innovative solutions with Blackbaud products [6] Company Background - Blackbaud is the leading software provider dedicated to powering social impact, serving nonprofits, education sectors, and socially responsible companies [11] - The company supports millions of users and manages over $100B annually through its platforms [11]

Core Message - Blackbaud Inc (BLKB) has launched Optimized Donation Forms for Raiser's Edge NXT users in Australia and New Zealand, extending its donation solutions to a wider global audience [1][3] - The company aims to support nonprofits in increasing donations, enhancing donor experiences, and streamlining administrative processes through its donation forms [2][3] - Blackbaud's new donation forms have already shown impressive results for US customers, with a 10% growth in conversion rates and a 61% rise in average donation amounts [6] Product Features - Blackbaud Optimized Donation Forms minimize decision-making, improve donor experience, and boost click-to-donation-conversion rates [4] - These mobile-first forms integrate seamlessly into websites, allowing direct payments without additional web pages, and can be customized with images and mission statements [4] - Standard Donation Forms are ideal for targeted campaigns requiring additional data collection, offering full customization and a Recurring Gift Upsell feature to retain donors [5] Strategic Partnerships and Growth - Blackbaud has expanded its partnership with Microsoft to incorporate Microsoft AI and analytics into its software, eliminating the need for expensive customizations [9] - The company partnered with Flywire Corporation to improve the payment experience for international students paying tuition fees at US K-12 private and independent schools [8] - The social sector contributed 89% to the company's third-quarter revenues, marking a 6.6% year-over-year rise, with contractual recurring revenues growing 6.8% and transactional recurring revenues rising 6.6% [9] Challenges and Divestitures - Blackbaud has faced slow growth due to challenges in its EVERFI business and weak performance in the corporate sector [10] - The company officially announced the sale of its EVERFI business to an independent private investment firm, finalizing the transaction on Dec 31, 2024, for a nominal amount [10] Stock Performance and Industry Comparison - Blackbaud currently carries a Zacks Rank 3 (Hold), with its shares declining 9.4% over the past year against the industry's growth of 11.1% [11] - Better-ranked stocks in the broader technology space include Ubiquiti Inc (UI), InterDigital Inc (IDCC), and RADCOM Ltd (RDCM), with UI and IDCC sporting a Zacks Rank 1 (Strong Buy) and RDCM carrying a Zacks Rank 2 (Buy) [12][13][14][15]

Blackbaud, Inc. (BLKB) has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic review process and was closed for a nominal amount.The company is collaborating closely with the buyer and EVERFI leadership to ensure a seamless handover. Management highlighted that EVERFI remains committed to supporting its customers with educational programs covering essential topics, such as financial l ...

The Company Outlines Its Impact on Global Communities This YearCHARLESTON, S.C., Dec. 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared ways it has supported philanthropy through its global corporate social responsibility (CSR) program this year. Blackbaud creates essential software to help its social impact customers fuel their missions, while giving back to global communities through its own philanthropy."At Blackbaud, we don't jus ...

This Award Acknowledges Exemplary Work Being Done to Create More Inclusive Workspaces CHARLESTON, S.C., Dec. 17, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been named a winner in the 2024 HRO Today Association Awards in the Diversity, Equity and Inclusion (DEI) Excellence category (Large Market). The HRO Today Association Awards is an annual recognition program that exemplifies the essential work that HR professionals do every day and prov ...

CHARLESTON, S.C., Dec. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today filed a Form 8-K with the United States Securities and Exchange Commission (SEC) stating that the Company concluded a material pre-tax noncash impairment charge, which may be up to approximately $415 million, is required for its EVERFI asset group and will be recorded during the fourth quarter of 2024.As previously disclosed, due to EVERFI performing below expectations ...

This Recognition Highlights Blackbaud's Commitment to Social Responsibility for the Fourth Consecutive YearCHARLESTON, S.C., Dec. 5, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been named to Newsweek's list of America's Most Responsible Companies for the fourth consecutive year. Blackbaud is one of 600 companies on the list, which recognizes U.S.-based companies for their commitment to making a positive global impact."We're honored to be na ...