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      Blackbaud Raiser’s Edge NXT Again Yields an Impressive Total Economic Impact

      Independent study shows how a higher education institution can operate more effectively and raise more
      with three-year results such as triple-digit ROI, double-digit growth in major gifts and more

      Charleston, S.C. (September 28, 2017) — Blackbaud (NASDAQ: BLKB) today announced the results of a commissioned Total Economic Impact™ (TEI) study[1] conducted by Forrester Consulting on behalf of Blackbaud, examining the return on investment a higher education institution experienced by deploying Blackbaud’s smart cloud fundraising and relationship management solution. Forrester found that over a three-year period, Raiser’s Edge NXT™ helped an institution achieve a 484 percent return on investment, increase gift revenue of over $2.1 million primarily by fostering a 56 percent growth in major gifts, and save time and resources through efficiencies in gift officer research, scheduling and activity logging.

      Forrester took a comprehensive approach to evaluate the impact that Raiser’s Edge NXT had on a higher education institution. Specifically, it interviewed Blackbaud subject matter experts, Forrester analysts and an institution currently using Raiser’s Edge NXT, and constructed a financial model representative of the interview using the TEI methodology. The objective of the framework was to identify the cost, benefit, flexibility and risk factors that affect the investment decision.

      Forrester interviewed University of North Texas (UNT), one of Texas’ largest universities with more than 1,000 full-time faculty members, 37,000 students and 380,000 active constituents. UNT gift officers and executives found its former system archaic, difficult to navigate, time-consuming and frustrating, leading the University to distrust the software and avoid using it. “Our old system was very slow, and you had to use it from a computer—we all work off our mobile devices nowadays—and there was a big gap in what was needed for the front-line fundraiser; Raiser’s Edge NXT filled that gap,” said Clint Shipp, executive director of advancement services at UNT.

      To address these challenges, UNT searched for an innovative cloud solution that could help gift officers effectively foster current and potential donors, enable executives to better track team KPIs and view reports, improve productivity and reporting, and seamlessly integrate with its existing systems and launch immediately without an expensive and time-consuming data and systems conversion. With Vice President of Advancement David Wolf championing the effort, UNT adopted Blackbaud Raiser’s Edge NXT.

      After Deploying Raiser’s Edge NXT, University of North Texas Experienced:

      • Fostered new and repeat donors to give 56 percent more major gifts than average, resulting in a three-year revenue lift attributable to Raiser’s Edge NXT of over $2.1 million.
      • Increased personal visits by 20 percent, and phone and email actions by 43 percent without any increase in development staff—with UNT setting a new fundraising record in 2017 of over $30 million raised with 24 percent more major gifts than even at the height of its 2012 major giving campaign.
      • Avoided software and maintenance costs of $371,417 and recouped the cost of its investment in Raiser’s Edge NXT within six months of purchasing.
      • Enabled UNT to recapture 6,411 hours of gift officer productivity worth $180,814. Gift officers reduced research time by 40 minutes per personal meeting and 10 minutes per phone or email action, and saved 20 minutes for scheduling per meeting. Staff also saved two hours per month logging activity.

      “Personal visits have really been on the rise, a lot of which I attribute to our good systems in place; and because we now have the right solution to help our gift officers know what to do at the right time,” added Shipp. “Gift officers are not wasting as much time in the office — they are more active than I’ve ever seen before.”

      “The ROI that Blackbaud Raiser’s Edge NXT delivers for UNT goes beyond its stellar financial results,” said Tim Hill, president and general manager of Blackbaud Higher Education Solutions. “Our innovation also provides UNT’s advancement team a consistent, cohesive user experience and increases their productivity levels. We’re honored to partner with UNT in reaching its goals and fulfilling its mission.”

      Learn how University of North Texas made 2017 its most successful fundraising year to date with Raiser’s Edge NXT by downloading the full study at www.blackbaud.com/Forrester-Report-UofNorthTexas. Hosted by Blackbaud, join UNT and guest Forrester on October 23 at 2 p.m. ET to learn more about this story in webinar form.

      This study is one of three recently announced by Blackbaud that highlights the positive total economic impact of Raiser’s Edge NXT for customers, learn more at www.blackbaud.com/nonprofit-resources/forrester-studies. 

      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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada 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, including statements regarding expected benefits of products and product features. 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 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.

      [1] The Total Economic Impact™ Of Raiser’s Edge NXT, a September 2017 commissioned study conducted by Forrester Consulting on behalf of Blackbaud

      Blackbaud and The Resource Alliance Announce Transformative Partnership to Support Global Social Good

      Charleston, S.C. (September 21, 2017) — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced a three-year transformative partnership with The Resource Alliance, a global leader in fundraiser events, education and networking, to develop content and collaboration opportunities that address the needs of the global social good community.

      “Cross-sector partnerships like the one we are forming with Blackbaud are redefining how social impact is enacted around the world,” said Kyla Shawyer, CEO of The Resource Alliance. “We are excited to have access to Blackbaud’s resources, tools, and people to help us leap forward in our commitment to transforming the social sector.”

      The Resource Alliance’s signature event, the International Fundraising Congress (IFC), has brought together tens of thousands of fundraisers and social impact leaders over the course of nearly 40 years. Blackbaud has already participated in the IFC Asia conference in Thailand earlier this year and will be an active participant in the upcoming IFC event in the Netherlands. These IFC events bring together nonprofit, NGO, and INGO leaders from across 60 countries representing more than $42 billion in revenue.

      “The Resource Alliance is a trusted partner in the global INGO and NGO community—it has a tremendous focus on quality educational programs and provides an inspiring platform for sharing best practices,” said Catherine LaCour, Blackbaud’s senior vice president of global marketing. “We are excited to collaborate with The Resource Alliance to help organizations enact their influence on social change. Together we know we can bring new technologies and techniques to this new day we all face in fundraising and mission building.”

      Blackbaud and The Resource Alliance were both created in 1981. For more than three decades, they have been helping create a network of knowledge and inspiration for the social good community, bringing key ideas, strategies and insights to fundraisers and organizations of all sizes, regions and missions. It seems fitting that these two organizations would come together for a transformative partnership to take the social good community into the future.

      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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada 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.

      Global Impact, Blackbaud, Council on Foundations, & Foundation Center Partner to Promote Global Goals Mapping: A Resource for Social Good Organizations

      Organizations can now map their gifts, employee volunteer hours and donations to the SDGs

      Charleston, S.C. (September 19, 2017) — In collaborative partnership, Global Impact, Blackbaud, Council on Foundations and Foundation Center developed a new resource to support organizations in aligning and tracking charitable giving to the United Nations (U.N.) Sustainable Development Goals (SDGs). More specifically, the creation of “Global Goals Mapping: A Resource for Social Good Organizations” supports goal 17, which is to revitalize the global partnership for sustainable development.

      Global Goals Mapping is a comprehensive resource list that maps giving and volunteerism using both the IRS National Taxonomy of Exempt Entities (NTEE) codes and the United Nations International Classification of Nonprofit Organizations (ICNPO) codes to classify the activity and programs of charities and connect them to the SDGs and related targets. It creates a shared alignment resource and common language to support all organizations across sectors in their efforts to map their contributions toward the SDGs.

      “Global Goals Mapping will enhance the impact of efforts across an organization by understanding the alignment of individual employee donations, volunteer hours and grants,” stated Scott Jackson, president and CEO of Global Impact. “By bringing four like-minded and highly respected organizations together in partnership, we can encourage, support, and drive strategic philanthropy for the social good community. Our hope is it will help organizations tell their complete story and illustrate their commitment to the SDGs.”

      • Global Impact, whose mission is to build partnerships and resources for the world’s most vulnerable people, will utilize the mapping and other tools to turn corporate giving and employee engagement data into more powerful success stories. Through this partnership, Global Impact will be able to tie contributions to impacts, align corporate responsibility efforts across departments, and help companies and their employees better understand how their contributions are connected to a powerful, collective global agenda.
      • Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, mapped the SDGs to the taxonomy of its Blackbaud Outcomes™ cloud solution. As the first solution to integrate this type of common outcomes measurement language, Blackbaud Outcomes empowers funders and nonprofits to truly understand the impact they are making.
      • Council on Foundations, an active philanthropic network and nonprofit leadership association of grantmaking foundations and corporations, will use the tool and information to provide the opportunity, leadership and tools needed by organizations to expand, enhance and sustain their ability to advance the common good.
      • Foundation Center, an innovative nonprofit and leading source of worldwide philanthropic data and research, will utilize Global Goals Mapping as part of a broader ecosystem of resources,  which includes SDGFunders.org, to help funders and grantees better understand the SDGs.

      The SDGs are a set of 17 interconnected global goals devoted to addressing hunger, poverty, health, equality, peace, justice and more that strive to “leave no one behind.” Adopted in 2015 by 193 countries, including the United States, they serve as a call to action to governments, the private sector, foundations, nonprofits and individual change agents to make significant improvements in life, on land and under water by 2030. The group’s goal is to provide a shareable resource for the entire social good community to utilize in aligning their grantmaking with the 17 goals and additional related targets.

      “We are proud of the collaborative work that went into creating this resource,” said Kevin McDearis, chief products officer at Blackbaud. “By incorporating the Global Goals taxonomy into our software, organizations can tell their success stories using statistics and results – all within a single frame of reference. With everyone speaking a common measurement language, we can begin to participate in a worldwide movement to lift up the collective social economy.”

      All four organizations will unite to promote Global Goals Mapping, and more broadly, the value of the SDGs as a framework through trainings, webinars and convenings. Based on their missions and expertise, each organization has been integrating the resource into its offerings with a goal of improving funders’, companies’ and other stakeholders’ financial and human capital investments toward achieving the SDGs for a sustainable future.

      Learn more at www.blackbaud.com/GlobalGoalsMapping.

      # # #

      About Global Impact
      Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and backbone services; workplace fundraising and representation; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency and technology services. Global Impact works with more than 300 public and private sector workplace giving campaigns to generate funding for an alliance of more than 100 international charities. Through strategic council and implementation support, Global Impact equips nonprofits, public sector and private sector organizations to achieve their philanthropic goals. The organization also leads national marketing efforts for the Combined Federal Campaign (CFC), and serves as Outreach Coordinator for the Combined Federal Campaign of the National Capital Area (CFCNCA), the Combined Federal Campaign-Overseas (CFC-O) and three other CFC zones across the United States. Since 1956, Global Impact has generated more than $1.8 billion to help the world’s most vulnerable people. Learn more at charity.org.

      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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

      About the Council on Foundations
      An active philanthropic network, the Council on Foundations (www.cof.org), founded in 1949, is a nonprofit leadership association of grantmaking foundations and corporations. It provides the opportunity, leadership, and tools needed by philanthropic organizations to expand, enhance and sustain their ability to advance the common good. With members from all foundation types and sizes, the Council empowers professionals in philanthropy to meet today’s toughest challenges and advances a culture of charitable giving in the U.S. and globally.

      About Foundation Center
      Established in 1956, Foundation Center is the leading source of information about philanthropy worldwide. Through data, analysis, and training, it connects people who want to change the world to the resources they need to succeed. Foundation Center maintains the most comprehensive database on U.S. and, increasingly, global grant makers and their grants — a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level. Thousands of people visit Foundation Center’s website each day and are served in its five-regional library/learning centers and its network of more than 450 funding information centers located in public libraries, community foundations, and educational institutions nationwide and around the world. For more information, please visit foundationcenter.org or call (212) 620-4230.

      Media Contacts:

      Global Impact
      Micaela Vivero
      Marketing and Communications
      (703) 717-5265
      micaela.vivero@charity.org

      Blackbaud
      Nicole McGougan
      Public Relations
      (843) 654-3307
      media@blackbaud.com                           

      Foundation Center
      Christine Innamorato
      Manager, Knowledge Services Communications
      CEI@foundationcenter.org
      (212) 807-2575

      Council on Foundations
      Janelle Brevard
      Communications
      (703) 879-0630
      Janelle.brevard@cof.org

      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, including statements regarding expected benefits of products and product features. 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 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 Named to Fortune’s Change the World List

      Software Leader Recognized as Rising Star; One of 56 Leading Companies
      Turning Doing Good into Good Business

      Charleston, S.C. (September 7, 2017) — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, has been named to Fortune’s 2017 Change the World List, which recognizes companies that have positive impact through activities that are part of their core business strategy.

      Fortune’s annual Change the World list honored 56 companies around the world in 2017. Companies are evaluated on three main criteria: measurable contribution to societal impact, scale of business results and degree of innovation relative to the industry.

      Blackbaud was featured as one of just six “Rising Stars” with revenues under $1 billion.  Blackbaud works in over 60 countries and since its founding in 1981, 100 percent of its activities drive solutions to social problems delivering innovation to customers — all in support of global good. Organizations that use Blackbaud technology raise, invest, manage and award more than $100 billion each year.

      Blackbaud enables social good organizations to achieve greater impact and is intently focused on encouraging a cross-sector paradigm shift to raise up the social, public and private sectors where good is produced. “It’s an honor to serve our customers as they strive to fulfill their individual missions while strengthening the collective social economy,” said Mike Gianoni, Blackbaud’s president and CEO. “Being recognized for creating social impact through business innovation as part of Fortune’s 2017 Change the World List is a testament to our success as a shared value company and highlights the value of our purpose-driven focus on serving the global social good community.”

      Blackbaud is constantly innovating and investing to help produce more good, more effectively. The company powers many prestigious social good brands including 45 of the 50 Most Influential Nonprofits1, and millions of users rely on Blackbaud every day to do their jobs, for example:

      • Leveraging Blackbaud’s embedded, predictive analytics and artificial intelligence (AI), Water Mission identified donors with capacity to provide safe water for 100,000 people for the rest of their lives.
      • Powered by Blackbaud, University of Georgia finished its 2017 fiscal year by setting new fundraising records again with four consecutive years of record-breaking fundraising.
      • Using Blackbaud’s grant management solution, Health Care Service Corporation facilitated programs for disease management work that later resulted in a more than 50 percent reduction in hospitalizations and emergency room visits for children with asthma in the communities it serves.

      Learn more about Blackbaud at 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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

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

      1 45 of the 50 Most Influential Nonprofits, as ranked by The Street.com, featured by MSN) use Blackbaud solutions as of May 20, 2016.

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

      The Blackbaud Index reported that overall charitable giving to nonprofits increased 4.3 percent while online giving increased 10.4 percent for the three months ending July 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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

       

      Blackbaud CEO Michael “Mike” Gianoni Named One of the Top 50 SaaS CEOs

      Charleston, S.C. (August 2, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that Michael “Mike” Gianoni, Blackbaud’s president and CEO, has been named to the list of Top 50 SaaS CEOs by The SaaS Report. Gianoni was recognized for his purpose-driven leadership and the company’s accelerated performance alongside CEOs from software companies such as Hubspot, Slack, Salesforce, Gainsight, Box, Workday and more.

      The CEOs on this year’s list were selected based on five primary factors – company growth, work culture, product technology, financial performance and professional experience. Research was conducted using a broad set of data including information from reported financials, company press releases, Glassdoor, LinkedIn and other sources.

      Since Gianoni took over as CEO of the social good software leader in 2014, Blackbaud’s customer base has grown by 20 percent, stock price has more than doubled adding over $2 billion in shareholder value, organic growth has tripled and market cap has grown by $2.4 billion.

      The SaaS Report is a comprehensive source for business news, investment activity and corporate actions related to the software and SaaS sectors. For more information and to view this year’s list of Top 50 SaaS CEOs, visit www.thesaasreport.com/top-50-saas-ceos-of-2017.

      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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, and the United Kingdom. For more information, visit www.blackbaud.com.

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

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

      The Blackbaud Index reported that overall charitable giving to nonprofits increased 3.2 percent while online giving increased 7.8 percent for the three months ending June 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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

      Blackbaud Announces 2017 Second Quarter Results

       Recurring Revenue Represents Over 80% of Total; Subscriptions Revenue Tops 65%;
      Management Reaffirms 2017 Full-Year Financial Guidance

      Charleston, S.C. (July 31, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced financial results for its second quarter ended June 30, 2017.

      “We’re delivering powerful, integrated solutions in the cloud that provide our customers with a modern and truly unified experience,” said Mike Gianoni, Blackbaud’s president and CEO. “This is quite unique in our industry. Blackbaud is an end-to-end partner that builds, integrates, implements and supports its solutions—no other company in this market offers a value proposition as extensive. Our cloud solutions are fueling strong financial performance, further improving the predictability and stability of our business by shifting us towards a subscription-based revenue model, and positioning us for a long runway of growth ahead. Subscriptions revenue represented 65 percent of total revenue, a new all-time high for us, and non-GAAP organic subscriptions revenue was strong, growing 17 percent this quarter.”

      Second Quarter 2017 Results Compared to Second Quarter 2016 Results:

      • Total GAAP revenue was $192.2 million, up 6.7%, with $158.2 million in GAAP recurring revenue, representing 82.3% of total revenue, and $125.3 million in subscription revenue, representing 65.2% of total revenue.
      • Total non-GAAP revenue was $192.5 million, up 5.8%, with $158.5 million in non-GAAP recurring revenue, representing 82.3% of total non-GAAP revenue, and $125.6 million in subscription revenue, representing 65.2% of total revenue.
      • Non-GAAP organic revenue increased 4.5%, non-GAAP organic recurring revenue increased 9.1%, and non-GAAP organic subscription revenue increased 16.7%.
      • GAAP income from operations increased 22.9% to $16.7 million, with GAAP operating margin increasing 110 basis points to 8.7%.
      • Non-GAAP income from operations increased 16.8% to $40.6 million, with non-GAAP operating margin increasing 200 basis points to 21.1%.
      • GAAP net income increased 23.2% to $11.2 million, with GAAP diluted earnings per share of $0.23, up $0.04.
      • Non-GAAP net income increased 18.5% to $25.8 million, with non-GAAP diluted earnings per share of $0.54, up $0.08.
      • Non-GAAP free cash flow was $31.8 million, an increase of $0.9 million.

      “We posted another solid quarter, which was in line with our expectations, and positions us well to achieve our full-year financial guidance and long-term aspirational goals,” said Tony Boor, Blackbaud’s executive vice president and CFO. “During the quarter, we completed the acquisition of AcademicWorks, adding exciting new scholarship management capabilities to our portfolio, and we also announced our intent to acquire JustGiving, which will expand our footprint in the peer-to-peer fundraising space.”

      An explanation of all non-GAAP financial measures referenced in this press release, including Blackbaud’s definition of non-GAAP free cash flow, is included below under the heading “Non-GAAP Financial Measures.” A reconciliation of the company’s 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.

      Recent Company Highlights:

      • Blackbaud acquired the market leading scholarship management platform, AcademicWorks™, extending its offerings for higher education, K-12, and corporate and foundation customers.
      • The company announced its intent to acquire United Kingdom-based fundraising services provider JustGiving™, whose online social giving platform has played a powerful role in the growth of peer-to-peer fundraising.
      • Blackbaud entered into a new credit facility on June 2 in the aggregate amount of $700 million as a result of successfully executing against the strategy Blackbaud laid out in 2014, causing the company to “outgrow” the existing credit facility.
      • Hundreds of private school professionals collaborated with peers on industry best practices, participated in over 90 hands-on training sessions, and heard from company executives during Blackbaud’s annual K-12 user conference.
      • Blackbaud has been added to Standard & Poor’s (S&P) MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index, underscoring its position as a leading innovative cloud company that is on a strong trajectory.
      • Blackbaud was recognized with several major awards and honors: The company was recognized on the Forbes America’s Best Mid-Size Employers 2017 list and Forbes Most Innovative Growth Companies 2017 list for a second consecutive year; CognitionX named Blackbaud’s modern, unique approach to social good-optimized Intelligence for Good™ “Best Use of AI for Charity”; and Raiser’s Edge NXT™ and eTapestry® were named “Leaders” on the 2017 FrontRunners quadrant for Nonprofit Donor Software.

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

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

      Financial Outlook
      Blackbaud today reaffirmed 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
      • Non-GAAP free cash flow of $120 million to $130 million

      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.

      Conference Call Details

      What:           Blackbaud’s 2017 Second Quarter Conference Call
      When:          August 1, 2017
      Time:           8:00 a.m. (Eastern Time)
      Live Call:    877-616-0061 (domestic) or 719-325-4844 (international); passcode 780576.
      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, healthcare 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 CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada 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 certain aspects of our operations, financial results and financial condition 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, non-GAAP organic subscriptions revenue growth 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 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 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 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.

      Non-GAAP 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 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.

      Blackbaud’s Intelligence for Good™ Leverages Advanced Analytics to Transform Data into Mission-Based Outcomes

      Download the press release

      Tech leader’s unrivaled AI-enabled analytics unleashes the power of big data for the social good community

      Charleston, S.C. (July 27, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today reported that new AI-enabled analytics offerings are available to serve healthcare institutions, higher education institutions and nonprofits. This announcement comes just months after the company announced Intelligence for Good™, its unique approach to optimized intelligence for the social good community.

      “As we continue to rapidly innovate, it’s exciting to see customers take advantage of our advanced, AI-enabled analytics to make smarter decisions,” said Richard Becker, president of Blackbaud Target Analytics™. “Organizations are leveraging our intelligent solutions to transform data into high-impact predictive and prescriptive insight that turn their fundraising, advocacy and other interactions into more powerful outcomes.”

      Blackbaud Extends Analytics Capabilities within Industry-Leading Healthcare Solution

      Blackbaud has enhanced its industry-leading Patient Conversion Model™, which leverages proprietary donor data for advanced insight, to include new capabilities for population health management and patient marketing. The solution leverages a universal patient identifier for identity management resolution and offers a new suite of personal wellness and financial insight that enables both geographic-based prospecting and patient remarketing campaigns.

      For the healthcare and hospital market, identifying opportunities to positively affect the population health needs of the community is a primary objective of many hospitals. AI-enabled insight assures cost-effective outreach and audience-specific communication that both improve the population health and address the budget concerns of healthcare customers.

      “Our latest upgrade came with comprehensive data services wrapped in, allowing us to segment and identify potential donors based on demographics and predictive information like household income and whether they had children–information that helped us make smart decisions as we prepare for a capital campaign.” — Lauren Short, Annual Giving Manager at Riverside Healthcare 

      Blackbaud Introduces New Campus-Wide Solutions for Higher Education Institutions

      Blackbaud released a new Athletic Giving Model™ solution designed to help athletic departments raise more money through the expanded university community and athletic program supporters. “This is the first Target Analytics solution built specifically for athletic departments and booster clubs, expanding universities’ fundraising reach beyond alumni,” noted Becker.

      Colleges and universities have many campus visitors including prospective students, ticket buyers, athletics supporters and event-goers. With a dynamic and diverse set of individuals engaging with universities on a regular basis, higher education institutions are looking for intelligence that identifies visiting VIPs in real time so they can build relationships with potential donors. Blackbaud’s Alumni Analytics Solution enables on-demand wealth screenings and provides actionable insight for every campus visitor, putting the power of AI in the university’s hands.

      “Our major gift officers now believe that these predictive analytics can get them in the right living rooms, sitting with the right people who really want to make a difference by donating to the University.” —Margaret Williams, Director of Prospect Research for University of South Dakota Foundation

      New Solution Allows Nonprofits to Understand and Use Affluence Data to Grow Donor Base

      Blackbaud also recently introduced Affluence Insight™, a new donor segmentation and research tool, enabling the identification of annual, mid-level and major gift prospects. Designed for nonprofits, researchers and direct marketers, it provides detailed financial attributes and an affluence-driven segmentation system that combines giving behavior, demographics and financial information for high-value prospect identification.

      Affluence Insight offers the ability to use AI-powered analytics to identify high-value donor prospects and predict a prospect’s likelihood to give with unparalleled accuracy.

      “It’s important for us to show our leadership that the technology we have is helping us drive the mission and program further, such as allowing us to confidently reach every individual through their preferred channels. As we continue to ask what is possible within our organization, we are really relying on Blackbaud to help us determine what’s next, and I think the sky is the limit.” — Andy Schroeder, Director of Development for the Sisters of Charity

      For organizations driven to make smarter decisions faster, Blackbaud’s Intelligence for Good offers the market’s only set of fully social-good optimized intelligence capabilities, bringing together the power of AI, analytics, big data and expertise built on the world’s most robust industry-specific data set.

      For more information about Blackbaud’s latest Target Analytics solutions visit www.blackbaud.com/target-analytics. For more information about Intelligence for Good, visit www.blackbaud.com/IntelligenceForGood.

      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 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 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.

      Higher Education Institutions Drive Campus-Wide Collaboration and Set New Bar for Fundraising Success with Blackbaud CRM

      Software leader continues to achieve growth in adoption among enterprise institutions seeking
      a powerful yet adaptable fundraising and relationship management solution

      Charleston, S.C. (July 17, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today reported strong adoption and satisfaction rates of Blackbaud CRM™ among higher education institutions seeking to advance their engagement efforts, boost fundraising outcomes, and improve collaboration and efficiency across campuses. The company will share latest innovations for higher education institutions as a platinum sponsor of CASE Summit 2017, which is currently underway in San Francisco.

      “We knew Blackbaud CRM was the right solution to support Marquette University’s growing fundraising needs and would allow us to empower our users from across all 11 colleges with a consistent, comprehensive user experience,” said Paul Milakovich, associate vice president, advancement services at Marquette University. “Our goal is to make this truly a university-wide solution that provides a complete view of our alumni and enables a self-service model for users. It has been wonderful to watch our staff light up as they see how this solution will streamline their day-to-day activities.”

      Blackbaud CRM is a comprehensive, customizable fundraising and relationship management solution for enterprise-level nonprofits seeking a powerful, yet adaptable solution for fundraising, marketing and program management.

      “Implementing Blackbaud CRM has allowed the University of Nebraska Foundation to achieve our goals of providing users across all four University of Nebraska campuses with a uniform experience and access to information anytime, anywhere,” said Christina Provost, senior director advancement CRM at University of Nebraska Foundation. “The solution supports our growing advancement needs and gives us a true 360-degree view of our alumni, donors and friends. Blackbaud has been a great partner, working efficiently and effectively to complete our project on time and under budget for a smooth implementation.”

      University of Georgia Achieves Record-Breaking Fundraising Growth with Blackbaud CRM

      University of Georgia (UGA) selected Blackbaud CRM to create a unified view of all constituent communications and activities. Its goal was to support strategic planning and management, and increase efficiency using a single, cohesive system. Upon implementation in 2013, UGA has the ability to track and measures fundraising activity across the entire organization with greater insight into overall fundraising capacity of constituents. Blackbaud CRM also enables advanced coordination of fundraising efforts and increased visibility into the overall communications plan.

      “Adopting Blackbaud CRM throughout the campus has allowed us to redefine business processes and work more efficiently than ever before — UGA finished its 2017 fiscal year by setting new fundraising records again with three consecutive years of record-breaking fundraising,” said Derek Clark, senior director of advancement services at University of Georgia. “Four years after implementing, we have doubled our revenue from our preceding eight-year average. The results speak for themselves.”

      Recently completing its fourth year using the solution to manage its fundraising programs, UGA experienced the following benefits from fiscal year 2014 to 2017 attributable to Blackbaud CRM:

      • A fundraising lift of $18.9 million
      • 94 percent growth in fundraising
      • 22 percent compound annual growth rate
      • 192 percent return-on-investment
      • Avoided labor costs of $3.4 million and IT costs of $400,000

      “For over 35 years, Blackbaud’s software innovation, industry expertise and value-added services have helped higher education institutions excel in fundraising and constituent relationship management,” said Tim Hill, president of Blackbaud Higher Education Solutions. “We are more committed than ever to bringing the latest innovation through our flexible, scalable and secure CRM solutions. Blackbaud CRM allows enterprise-level organizations to build strong and productive relationships with supporters so that they can increase fundraising dollars, retain donors and engage more effectively with constituents. We continue to invest in Blackbaud CRM and extend the solution through new capabilities powered by Blackbaud SKY and best of breed analytics solutions to drive fundraising success for our customers.”

      Blackbaud CRM powers a diverse community of higher education institutions with the goal of driving outcomes and achieving improved results. Georgia Tech Foundation, Queensland University of Technology, Brown University, USNA Alumni Association and Foundation, University of Guelph, Portland State University Foundation and University of Arizona Foundation, are among the long list of higher education institutions that recently selected or went live on Blackbaud CRM.

      To learn more about how Blackbaud CRM is helping higher education institutions advance their missions, connect with Blackbaud in person during CASE Summit 2017 by visiting the company’s booth located in the Grand Ballroom Foyer. For additional information about Blackbaud CRM for higher education institutions, visit www.blackbaud.com/blackbaudCRM  or email CRM@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 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 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.

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