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      Blackbaud Invites Change Agents to Baltimore for bbcon 2017, the Premiere Tech Gathering for Social Good

      Charleston, S.C. (April 13, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that bbcon 2017, the premiere tech gathering for organizations and change agents driving social good, will take place in Baltimore, October 17-19 at the Baltimore Convention Center.

      Each year bbcon convenes thousands of innovative professionals to share the latest insights, trends and innovation at the intersection of technology and social good. This year’s conference offers attendees the chance to:

      • Learn from industry-leading experts on how to push their practice in over 200 breakouts.
      • Participate in meaningful conversations with social good leaders and practitioners around the biggest challenges, opportunities, and trends in the sector.
      • Connect with technologists, marketers, administrators, fundraisers, and other social good professionals
      • Expand their vision by being the first to hear about transformative technology innovations coming from Blackbaud and its partners.
      • Get inspired by fresh new ideas and content – all designed specifically for the social good sector – with powerful keynotes, memorable experiences and more.

      Attendees will also have access to dedicated tracks for various roles and markets – from arts and cultural organizations and cause-based nonprofits to educational institutions, healthcare organizations, foundations, corporate giving and more.

      For more information and to register for the premiere tech gathering for organizations and change agents driving social good, visit www.bbconference.com.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843-654-3307
      media@blackbaud.com

      Forward-looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      Blackbaud Announces Date of First Quarter 2017 Financial Results

      Charleston, S.C. (April 11, 2017) – Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, will report its first quarter 2017 financial results on Monday, May 1 after the U.S. financial markets close for trading.

      Save the BLKB first quarter 2017 earnings call event to a calendar

      In conjunction with this announcement, Blackbaud will host a conference call on Tuesday, May 2 at 8:00 a.m. ET to discuss the company’s financial results. A live webcast will be available and archived on Blackbaud’s investor webpage and to access this call, enter passcode 732627 after dialing 800-967-7149 (Domestic) or 719-386-0002 (International).

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Investor Contact
      Mark Furlong
      Director of Investor Relations
      843-654-2097
      Mark.furlong@blackbaud.com

      Blackbaud CTO Mary Beth Westmoreland Named One of the Top 50 Most Powerful Women in Technology

      Charleston, S.C. (April 07, 2016) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that Mary Beth Westmoreland, Blackbaud’s chief technology officer, has been named one of the 2017 Top 50 Most Powerful Women in Technology by the National Diversity Council. This definitive list honors the most extraordinary female leaders, influencers and achievers impacting the technology industry.

      Mary Beth was recognized for her leadership in Blackbaud’s transformation to a cloud software company that is innovative, agile, and successful, for her mentorship to inspire other women and for her commitment to corporate citizenship. She was named alongside women executives from other leading software companies including Angela Ahrendts of Apple, Safra Catz of Oracle, Ana Corrales of Google, Peggy Johnson of Microsoft, Virginia Rometty of IBM and Sheryl Sandberg of Facebook.

      “I want to thank the National Diversity Council for the honor of being named an influential woman in tech alongside these amazing leaders,” said Mary Beth. “But it’s the work of our talented engineers, architects, designers and all of our staff that made this possible. They challenge and inspire me every day, and I’m proud to share this recognition with them. I’m excited to be a part of an innovative, purpose-driven team and company that is truly powering an ecosystem of good.”

      The National Diversity Council is a nonprofit organization committed to fostering a learning environment for organizations to grow in their knowledge of diversity and inclusion. The annual list recognizes female executives, influencers and achievers who contribute to the growth or strategic direction of their organization; demonstrate a commitment to corporate citizenship, integrity and ethical behavior; and serve as role models and mentors to inspire future generations of female professionals.

      For more information about Blackbaud, visit www.Blackbaud.com.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843-654-3307
      media@blackbaud.com

      Blackbaud Names Jagtar Narula Senior Vice President of Corporate Strategy and Business Development

      Charleston, S.C. (April 4, 2016) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the promotion of Jagtar Narula to senior vice president of  corporate strategy and business development, which was effective March 31 upon the retirement of Charlie Cumbaa.

      Narula joined Blackbaud in 2014 as the leader of corporate financial planning and analysis, and investment strategy. He led many key initiatives, including work to define product profitability, strengthen forecasting, budgeting and financial reporting, and develop models to inform product investments and pricing decisions. As an instrumental member of the extended corporate development team, Narula steered the negotiations and due diligence for the mergers and acquisitions of WhippleHill, MicroEdge, Smart Tuition, Attentive.ly and AcademicWorks.

      Narula has also driven Blackbaud’s investor relations and business planning efforts, and led teams to achieve significant growth in financial analyst coverage. Most recently, he oversaw cross-company strategic planning initiatives to accelerate progress against Blackbaud’s short and long-term business goals.

      “Jagtar quickly proved himself a vital asset to our organization,” said Mike Gianoni, Blackbaud president and CEO. “He has served a pivotal role in leading our corporate teams and setting the corporate strategy, while also discovering and shepherding key acquisitions.”

      Prior to joining Blackbaud, Narula served as vice president of finance at Xerox Corporation. In this role, he was responsible for managing the financial performance of a global business of hardware and software solutions. Additional roles included vice president of acquisition operations and director of strategy, mergers and acquisitions. In these roles, Narula was responsible for corporate strategy development and acquisition execution and integration, including the largest acquisition in the corporation’s history. His past work to develop a pragmatic “build, buy, and partner” innovation strategy has informed his current role with Blackbaud.

      “I’m looking forward to leveraging my previous experience in private equity, M&A, corporate strategy and financial leadership roles to drive strategic and operational decisions for Blackbaud,” said Narula. “Blackbaud is the world leader in providing cloud solutions to nonprofits and the social good market, which has tremendous opportunity in front of it. I am excited to help shape the direction in providing value to our customers and growing the footprint of our business.”

      Prior to Xerox, Narula was a principal and vice president at Core Capital Partners, a $350 million technology industry focused private equity fund, and an assistant vice president on the technology, media and telecommunications team at GE Equity, the private equity investment arm of General Electric Company.

      Narula holds a bachelor of science in engineering from State University of New York College at Buffalo, and a master of business administration from The Wharton School at the University of Pennsylvania.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      media@blackbaud.com

      Forward-looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      The Blackbaud Index: The Go-To Resource for Charitable and Online Giving Trends

      The Blackbaud Index reported that overall charitable giving to nonprofits decreased 1.4 percent while online giving increased 7.1 percent for the three months ending February 2017 compared to the same period in 2016.

      The Blackbaud Index provides the most up-to-date information on charitable giving today. Tracking approximately $23 billion in US-based charitable giving, the Index is updated on the first of each month (or the next business day) and is based on a three-month moving average of year-over-year percent change. Featuring overall and online giving, the Index can be viewed by size and subsets of the nonprofit industry via an interactive online chart. The Index also features a fundraising benchmark calculator that allows users to easily chart their own results against the Index and historical data to provide a fuller view of charitable giving.

      To access The Blackbaud Index, subscribe to monthly email alerts, read about the methodology, or access special reports, visit www.blackbaud.com/blackbaudindex.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      nicole.mcgougan@blackbaud.com

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Blackbaud Acquires Market Leading Scholarship Management Platform AcademicWorks

      Acquisition to extend Blackbaud’s offerings for higher education, K-12, and corporate and foundation
      customers, deepen connections between advancement and scholarship functions 

      Charleston, S.C. (April 3, 2017) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the acquisition of AcademicWorks, Inc., the market leader in scholarship management for higher education and K-12 institutions, foundations and grant-making institutions.

      “Anyone who has ever applied for, awarded, or managed a scholarship has experienced how much opportunity there is to streamline the application, tracking and notification process,” said Tim Hill, president of Blackbaud Higher Education Solutions. “Blackbaud agrees, and that’s why we’re so excited to announce the acquisition of AcademicWorks, which is revolutionizing this process for institutions, donors and students. Together, we’ll continue to improve scholarship management and deepen connections between advancement, stewardship and scholarship teams — and, ultimately, help drive life-changing outcomes for students.”

      AcademicWorks is a cloud platform that enables students to apply for all awards at an institution using one intuitive and streamlined process, while offering schools and awarding institutions a common platform for improved awarding, reporting, compliance, communication and stewardship of those awards.

      “With Blackbaud’s focus on offering our customers integrated, complete solutions to further their missions, this partnership is a great step forward,” said Mike Gianoni, president and CEO of Blackbaud. “Making AcademicWorks a part of Blackbaud will allow our customers to increase student access to available scholarship funds, enhance cross-functional visibility throughout the awarding and stewardship process and revolutionize donor communication for schools to help drive the cycle of giving and receiving. It’s another step forward in building a connected ecosystem of good that builds a better world.”

      AcademicWorks brings a team with significant experience in developing cloud software, a reputation for excellent customer service, and a solution that has quickly emerged as the leader in its space, with over 500 universities, academic institutions and foundations leveraging its cloud platform, making it the world’s leading scholarship management provider.

      “From the day we founded AcademicWorks in 2010, our goal has been to empower higher education and K-12 institutions, foundations and grant-making institutions with industry leading tools and innovation to manage scholarships,” said Brandon Phipps, CEO of AcademicWorks. “Blackbaud’s sector-leading R&D investments will help to accelerate our pace of innovation, and by building cohesive solutions, we can help customers drive unmatched efficiency and deepen connection between advancement, stewardship and the scholarship office,” added Joe Price, president of AcademicWorks.

      According to AcademicWorks’ research, on some campuses, as much as 30 percent of scholarship funds have gone unutilized and many donors report limited communication and stewardship once scholarships are given, so there are tremendous opportunities for technology to support greater effectiveness in the process. Additionally, this acquisition offers powerful new opportunities to deepen connections across the ecosystem of good powered by Blackbaud solutions, connecting donors, grant-making institutions and education institutions to increase effectiveness and stewardship in scholarship management.

      In the short term, Blackbaud will continue to sell AcademicWorks as a stand-alone solution. In the future, with AcademicWorks cloud solutions integrated with Blackbaud’s best-in-class higher education and K-12 fundraising, financial management and analytics solutions, higher education and K-12 institutions will be able to streamline critical functions and create a more modern, intuitive experience for students and the administration.

      AcademicWorks is headquartered in Austin, Texas. Blackbaud is headquartered in Charleston, South Carolina, with operations around the globe, including in Austin, Texas. This acquisition also represents a positive development for Austin’s tech industry, where AcademicWorks is headquartered and Blackbaud has 300+ staff in a major office. All AcademicWorks staff is expected to transition to Blackbaud.

      For more information, visit www.Blackbaud.com/Better-Together.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.

      About AcademicWorks
      Based in Austin, Texas, AcademicWorks provides the only comprehensive scholarship management solution focused on improving access to education through innovative technology. More than 500 institutions and foundations have revolutionized their scholarship management process with AcademicWorks. For more information, visit www.academicworks.com.

      Blackbaud Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      media@blackbaud.com

      Forward-looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      The Blackbaud Index: The Go-To Resource for Charitable and Online Giving Trends

      The Blackbaud Index reported that overall charitable giving to nonprofits increased 2.38 percent while online giving increased 11.3 percent for the three months ending January 2017 compared to the same period in 2016.

       

      The Blackbaud Index provides the most up-to-date information on charitable giving today. Tracking approximately $22 billion in US-based charitable giving, the Index is updated on the first of each month (or the next business day) and is based on a three-month moving average of year-over-year percent change. Featuring overall and online giving, the Index can be viewed by size and subsets of the nonprofit industry via an interactive online chart. The Index also features a fundraising benchmark calculator that allows users to easily chart their own results against the Index and historical data to provide a fuller view of charitable giving.

       

      To access The Blackbaud Index, subscribe to monthly email alerts, read about the methodology, or access special reports, visit www.blackbaud.com/blackbaudindex.

       

      Media Contact

      Nicole McGougan

      Public Relations

      843.654.3307

      nicole.mcgougan@blackbaud.com

       

      About Blackbaud

      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Museum Advocacy Day Ensures Lawmakers Know the Vital Role of Museums

      Blackbaud joins museum professionals and supporters in Washington, D.C. to share impact
      and value of museums to local communities with Congress

      Charleston, S.C. (February 27, 2017) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced it is partnering with the American Alliance of Museums again to host Museums Advocacy Day in the Nation’s Capital.

      Since 2009, more than 1,700 advocates have come to Washington, D.C. for Museums Advocacy Day and delegates have made more than 2,350 congressional visits. The purpose of this day is to advocate for federal support of America’s museums. Advocates from across the country gather for a day of issue briefings and then meet on Capitol Hill with members of Congress and their staff members.

      The American Alliance of Museums represents over 35,000 individual museum professionals, volunteers, institutions and corporate partners. It aims to develop standards and best practices, gather and share knowledge, and provide advocacy on issues of concern to the entire museum community.

      “Motivated in part by concerns about reports that the National Endowment for the Humanities (NEH) and National Endowment for the Arts (NEA) could face potential elimination, museum professionals are stepping up in record numbers this year,” said Alliance President and CEO Laura Lott. “These agencies play a uniquely valuable role in helping make the arts and humanities accessible to every American. The museum field will stand strongly against any effort to impede the important work of NEA and NEH, and the multiplier effect their grants have in local communities.”

      “We will need every museum professional, every trustee, and every volunteer to speak with one voice to help preserve these vital agencies, and to make sure the new Congress knows about the vital role museums play in our communities, our economy, and in the education of our young people,” Lott added.

      “Blackbaud is proud to join forces with over 300 advocates, including museum directors, trustees, educators, development officers, government relations, visitor services, volunteers, students and business owners, to bring a unified message to Congress, share stories demonstrating why museums are essential and describe how federal policies affect museums,” said Kevin Knight, Blackbaud’s senior vice president and general manager, Arts and Cultural. “We feel compelled to stand by our customers and help educate our lawmakers on the vital role museums play in the communities they serve.”

      Blackbaud wants members of Congress to understand how museums continue to be an anchor in their communities.  The company recently donated $1 million to the International African American Museum (IAAM), which will be built on Charleston’s Gadsden’s Wharf. Blackbaud will sponsor the Digital Media Lab that will allow virtual or in-person visitors to the museum to trace their family origins, research their ancestry and record their own stories. This museum will anchor African American history to the place in Charleston that holds rich heritage and unique history and allow visitors to walk away with a newfound sense of cultural appreciation and unity.

      The nonprofit arts and culture industry generates over $135 billion annually in economic activity, supports more than 4.1 million full-time jobs and returns over $22 billion in local, state and federal tax revenues. The typical museum devotes three-quarters of its education budget to K-12 students and helps teach the state, local or core curriculum, tailoring their programs in math, science, art, literacy, language arts, history, civics and government, economics and financial literacy, geography and social studies.

      Learn more about Museum Advocacy Day at www.aam-us.org/advocacy/museums-advocacy-day and the issues being presented to Congress at www.aam-us.org/docs/default-source/advocacy/issues-at-a-glance.pdf.

      Follow this news on Twitter using #MuseumsAdvocacy2017.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      media@blackbaud.com

      Online Giving to Nonprofit Organizations Reaches a Record High in 2016

      Blackbaud’s Charitable Giving Report reveals overall giving increased 1.0 percent
      and online giving grew 7.9 percent compared to 2015

      Charleston, S.C. (February 22, 2017) — Based on the largest analysis of charitable giving data, Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the availability of its annual Charitable Giving Report, featuring the most comprehensive look at how nonprofit fundraising performed in 2016. Released under the Blackbaud Institute for Philanthropic Impact, the report analyzes trends from more than $23 billion in fundraising revenue from 2016 and provides the latest insights from leading industry experts to help inform fundraising strategies.

      “This fifth annual edition of the Charitable Giving Report includes expanded insights from the Blackbaud Institute,” said Steve MacLaughlin, Blackbaud’s vice president of Data and Analytics. “For the first time, we’re including key insights into donor demographics, retention trends, generational giving, and significant online donations in addition to our charitable giving research.”

      According to the report, overall giving to K-12 education and arts & culture sectors grew the most in 2016, and the healthcare sector experienced the largest decrease in year-over-year fundraising with a 4.5% drop. In 2016, overall giving to large organizations grew by 1.0%, medium organizations increased 1.7% and small nonprofits experienced flat growth while online giving to large organizations grew by 6.3%, medium organizations grew 11.4% and small nonprofits grew 8.1%, on a year-over-year basis.

      Key findings from Blackbaud’s Charitable Giving Report:

      • Overall giving grew approximately 1.0% in 2016
      • Online giving grew 7.9% in 2016 compared to 2015
      • Online donations were 7.2% of all fundraising in 2016
      • #GivingTuesday online donations were up 20% in 2016
      • Nearly 17% of online donations were made on a mobile device in 2016

      To commemorate its fifth consecutive year, leading social good experts from across the sector also share their thoughts throughout the report on how these fundraising trends have shaped the industry and where it is headed in the future.

      • “I’m pleased to see that giving grew in 2016 and appreciate Blackbaud’s great analysis of the year. That said, over the course of the past five years, we are seeing more giving, but fewer donors. That speaks to the work that charities must do to improve their retention and cultivation of donors by creating a culture of philanthropy and telling their stories of impact and change. It also requires an understanding that the newer generations of donors view themselves as change agents who do not simply want to passively give charitable contributions; it requires building new types of relationships with donors to help them enact change in the context of charitable mission.”—Jason Lee, Interim President & CEO, Association of Fundraising Professionals
      • “It is more important than ever for individuals and charitable organizations, grounded in their commitment to rigorous continual learning, to translate that learning into effective advocacy with and on behalf of the communities in which we live and serve. Ultimately, we need to be fierce advocates for the issues and causes that best serve the community and nation. It’s only when we give voice to these issues that that government, business, and the charitable sectors can work together to solve problems, encourage giving, and build a better future for us all.”—Daniel Cardinali, President and CEO, Independent Sector

      To view more charitable giving trends, download the report at www.blackbaud.com/charitablegiving. Updated on the first of each month and based on year-over-year percent changes, visit The Blackbaud Index to stay up-to-date on the latest fundraising trends and experience the recently enhanced interactive Index charts.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      media@blackbaud.com

      Forward-looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      Blackbaud Announces 2016 Fourth Quarter and Full Year Results

      Fourth Quarter Revenue Growth of 12.8%; Non-GAAP Organic Revenue Growth of 11.3%; 
      Achieves 2016 Full Year Financial Guidance; Announces 2017 Full Year Financial Guidance

      Charleston, S.C. (February 8, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced financial results for its fourth quarter and fiscal year ended December 31, 2016.

      “This was a banner year for Blackbaud in which we furthered our strategic growth objectives and strengthened the financial profile of the business,” said Mike Gianoni, Blackbaud president and CEO. “Our recurring revenue reached 80 percent of total revenue in the fourth quarter, which is a major milestone for us, and the highest in our company’s history. We made tremendous progress delivering new, innovative, cloud-based technology to the market that drove an increase in our mix of subscription-based recurring revenue, which adds additional stability and predictability to our already strong business.”

      Fourth Quarter 2016 Results Compared to Fourth Quarter 2015 Results:

      • Total GAAP revenue was $198.3 million, up 12.8%, with $158.6 million in GAAP recurring revenue, representing 80.0% of total revenue.
      • Total non-GAAP revenue was $198.3 million, up 11.3%, with $158.6 million in non-GAAP recurring revenue, representing 80.0% of total non-GAAP revenue.
      • Non-GAAP organic revenue increased 11.3% and non-GAAP organic recurring revenue increased 14.4%.
      • GAAP income from operations increased 133.9% to $24.0 million, with GAAP operating margin increasing 630 basis points to 12.1%.
      • Non-GAAP income from operations increased 35.9% to $43.8 million, with non-GAAP operating margin increasing 400 basis points to 22.1%.
      • GAAP net income increased 169.6% to $17.3 million, with GAAP diluted earnings per share up $0.22 to $0.36.
      • Non-GAAP net income increased 57.1% to $28.0 million, with non-GAAP diluted earnings per share up $0.21 to $0.59.
      • Cash flow from operations was $53.5 million, up from $39.7 million.

      “We’re doing something quite unique here at Blackbaud, in that we’ve accelerated revenue growth and improved profitability while transitioning our solution portfolio from on-premises to the cloud,” Gianoni added.

      An explanation of all non-GAAP financial measures referenced in this press release is included below under the heading “Non-GAAP Financial Measures.” A reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

      Fourth Quarter 2016 Company Highlights:

      • Announced the general availability of SKY API™ for Raiser’s Edge NXT™ and Financial Edge NXT™ customers and partners, enabling them to customize, integrate or extend the functionality of their current solutions.
      • Provided sector leadership by releasing key reporting, trend data and commentary throughout #GivingTuesday 2016, including that online giving increased by 20%.
      • Added Apple Pay® to Blackbaud Merchant Services™ so customers can offer donors an easy, secure and private option for digital checkout – making several Blackbaud customers among the first wave of nonprofits to leverage Apple Pay for philanthropic giving.
      • Reported dramatic momentum in product innovation and customer response as the company continues to bring new capabilities to market through Altru®, its cultural management solution.
      • Saw strong momentum in end-of-year giving, as defined as the last three days of the year, including customers using Luminate Online – Blackbaud’s digital marketing solution – who experienced a 17% year-over-year growth in online fundraising.

      Visit www.blackbaud.com/press-room for more information about Blackbaud’s recent highlights.

      Full Year 2016 Results Compared to Full Year 2015 Results:

      • Total GAAP revenue was $730.8 million, up 14.6%, with $575.9 million in GAAP recurring revenue, representing 78.8% of total revenue.
      • Total non-GAAP revenue was $734.5 million, up 13.5%, with $579.6 million in non-GAAP recurring revenue, representing 78.9% of total non-GAAP revenue.
      • Non-GAAP organic revenue increased 9.2% and non-GAAP organic recurring revenue increased 11.5%.
      • GAAP income from operations increased 32.3% to $61.8 million, with GAAP operating margin increasing 120 basis points to 8.5%.
      • Non-GAAP income from operations increased 18.2% to $144.2 million, with non-GAAP operating margin increasing 80 basis points to 19.6%.
      • GAAP net income increased 61.9% to $41.5 million, with GAAP diluted earnings per share up $0.33 to $0.88.
      • Non-GAAP net income increased 30.2% to $90.7 million, with non-GAAP diluted earnings per share up $0.42 to $1.92.
      • Cash flow from operations was $153.6 million, up from $129.2 million.

      “I’m pleased to report that we achieved our 2016 full year financial guidance across all fronts,” said Tony Boor, Blackbaud’s executive vice president and CFO. “Our strong performance in 2016 resulted in accelerated organic revenue growth, improved profitability, and increased cash flow when compared to 2015. It’s worth highlighting that we were able to make additional incremental investments back into the company for future growth, while still meeting aggressive guidance targets. We have a very positive outlook heading into 2017, with full year financial guidance implying strong growth, and achievement of our long-term aspirational goals that we introduced in 2014. These financial goals, which were aimed at improving revenue growth, profitability, and cash generation, were truly aspirational for Blackbaud at the time. Consistent and successful execution against our strategic objectives has positioned us well to meet these aspirational goals in 2017.”

      Dividend
      Blackbaud announced today that its Board of Directors has declared a first quarter 2017 dividend of $0.12 per share payable on March 15, 2017 to stockholders of record on February 28, 2017.

      Financial Outlook
      Blackbaud today announced its 2017 full year financial guidance.

      • Non-GAAP revenue of $775 million to $795 million
      • Non-GAAP income from operations of $155 million to $163 million
      • Non-GAAP operating margin of 20.0% to 20.5%
      • Non-GAAP diluted earnings per share of $2.06 to $2.18
      • Free cash flow of $120 million to $130 million

      Free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software development, and capital expenditures for property and equipment.

      Blackbaud has not reconciled forward-looking full year non-GAAP financial measures contained in this news release to their most directly comparable GAAP measures, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K. Such reconciliations would require unreasonable efforts at this time to estimate and quantify with a reasonable degree of certainty various necessary GAAP components, including for example those related to compensation, acquisition transactions and integration, tax items or others that may arise during the year. These components and other factors could materially impact the amount of the future directly comparable GAAP measures, which may differ significantly from their non-GAAP counterparts.

      Long Term Aspirational Goals
      Blackbaud today announced that it expects to achieve its long-term aspirational goals introduced in 2014 based on 2017 financial outlook.

      • Non-GAAP organic revenue growth of 6% to 10% annually, adjusted for constant currency
      • Non-GAAP operating margin of 20.5% to 23.5% exiting 2017, adjusted for 2014 constant currency
      • Aggregate cash flow from operations of $500 million to $550 million from 2014 to 2017

      Adoption of New Share-based Compensation Expense Accounting Standard
      As previously disclosed, during the three months ended September 30, 2016 we early adopted ASU 2016-09, Compensation – Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting, which addresses, among other items, the accounting for income taxes and forfeitures, and cash flow presentation of share-based compensation. Under ASU 2016-09, excess tax benefits generated upon the settlement or exercise of stock awards are no longer recognized as additional paid-in capital but are instead recognized as a reduction to income tax expense. This change in accounting for income taxes was effective for us on a prospective basis as of the beginning of the 2016 fiscal year. Cash flows related to excess tax benefits are required to be presented as an operating activity rather than a financing activity. In addition, all cash tax payments made on an employee’s behalf for shares withheld upon vesting or settlement are required to be presented as a financing activity. We adopted all amendments related to cash flow presentation on a retrospective basis, which resulted in a $14.9 million increase in net cash provided by operating activities and a $14.9 million decrease in net cash provided by financing activities for the year ended December 31, 2015. We will provide more detailed information regarding the impact of the early adoption of ASU 2016-09 in our annual report on Form 10-K for the year ended December 31, 2016.

      Conference Call Details
      What:           Blackbaud’s Fiscal 2016 Fourth Quarter Conference Call
      When:          February 9, 2017
      Time:           8:00 a.m. (Eastern Time)
      Live Call:    1-800-310-6649 (domestic) or 1-719-325-2137 (international); passcode 421503.
      Webcast:     Blackbaud’s Investor Relations Webpage

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland, and the United Kingdom. For more information, visit www.blackbaud.com.

      Investor Contact: Media Contact:
      Mark Furlong Nicole McGougan
      Director of Investor Relations Blackbaud Public Relations
      843-654-2097 843-654-3307
      Mark.furlong@blackbaud.com Nicole.mcgougan@blackbaud.com

      Forward-Looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: expectations that our revenue and operating cash flow will continue to grow and that our operating margins will continue to improve, and expectations that we will achieve our projected 2017 full year financial guidance and long-term aspirational goals. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; a shifting revenue mix that may impact gross margin; continued success in sales growth; risks related to our dividend policy and stock repurchase program, including the possibility that we might discontinue payment of dividends; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

      Trademarks
      All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      Non-GAAP Financial Measures
      Blackbaud has provided in this release financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP revenue, non-GAAP recurring revenue, non-GAAP gross profit, non-GAAP gross margin, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP diluted earnings per share. Blackbaud has acquired businesses whose net tangible assets include deferred revenue. In accordance with GAAP reporting requirements, Blackbaud recorded write-downs of deferred revenue to fair value, which resulted in lower recognized revenue. Both on a quarterly and year-to-date basis, the revenue for the acquired businesses is deferred and typically recognized over a one-year period, so Blackbaud’s GAAP revenues for the one-year period after the acquisitions will not reflect the full amount of revenues that would have been reported if the acquired deferred revenue was not written down to fair value. The non-GAAP measures described above reverse the acquisition-related deferred revenue write-downs so that the full amount of revenue booked by the acquired companies is included, which Blackbaud believes provides a more accurate representation of a revenue run-rate in a given period. In addition to reversing write-downs of acquisition-related deferred revenue, non-GAAP financial measures discussed above exclude the impact of certain items that Blackbaud believes are not directly related to its performance in any particular period, but are for its long-term benefit over multiple periods.

      In addition, Blackbaud discusses non-GAAP organic revenue growth, non-GAAP organic revenue growth on a constant currency basis and non-GAAP organic recurring revenue growth, which it believes provides useful information for evaluating the periodic growth of its business on a consistent basis. Each of these measures of non-GAAP organic revenue growth excludes incremental acquisition-related revenue attributable to companies acquired in the current fiscal year. For companies acquired in the immediately preceding fiscal year, each of these non-GAAP organic revenue growth measures reflects presentation of full year incremental non-GAAP revenue derived from such companies as if they were combined throughout the prior period, and it includes the non-GAAP revenue attributable to those companies, as if there were no acquisition-related write-downs of acquired deferred revenue to fair value as required by GAAP. In addition, each of these non-GAAP organic revenue growth measures excludes prior period revenue associated with divested businesses. The exclusion of the prior period revenue is to present the results of the divested businesses within the results of the combined company for the same period of time in both the prior and current periods. Blackbaud believes this presentation provides a more comparable representation of its current business’ organic revenue growth and revenue run-rate.

      As previously disclosed, beginning in 2016, Blackbaud now applies a non-GAAP effective tax rate of 32.0% in its determination of non-GAAP net income, which represents the GAAP effective tax rate, excluding the discrete tax effect of stock-based compensation. The non-GAAP effective tax rate utilized will be reviewed annually to determine whether it remains appropriate in consideration of Blackbaud’s financial results including its periodic effective tax rate calculated in accordance with GAAP, its operating environment and related tax legislation in effect and other factors deemed necessary. All 2015 measures of the tax impact related to non-GAAP adjustments, non-GAAP net income and non-GAAP diluted earnings per share included in this news release are calculated under Blackbaud’s historical non-GAAP effective tax rate of 39.0%.

      Blackbaud uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Blackbaud’s ongoing operational performance. Blackbaud believes that these non-GAAP financial measures reflect the Blackbaud’s ongoing business in a manner that allows for meaningful period-to-period comparison and analysis of trends in its business. In addition, Blackbaud believes that the use of these non-GAAP financial measures provides additional information for investors to use in evaluating ongoing operating results and trends and in comparing its financial results from period-to-period with other companies in Blackbaud’s industry, many of which present similar non-GAAP financial measures to investors. However, these non-GAAP financial measures may not be completely comparable to similarly titled measures of other companies due to differences in the exact method of calculation between companies. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures.

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