Blackbaud Partners with Anthropic on Groundbreaking New Way to Experience the Power of Purpose-Built AI
Rhea-AI Summary
Blackbaud (NASDAQ: BLKB) announced a partnership with Anthropic to deliver a fundraising connector for Claude for Nonprofits, launching Dec. 2, 2025. The connector, debuting for Raiser's Edge NXT and available in Teams and Enterprise plans, lets customers access Blackbaud's intelligence layer built from 40+ years of nonprofit performance data inside their workflows.
The release highlights Blackbaud's broader AI roadmap including Agents for Good (Development Agent in early access), plans to expand the Anthropic connector across nonprofit, education and corporate solutions, and continued integration of Blackbaud AI features like Chat for Blackbaud AI.
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News Market Reaction
On the day this news was published, BLKB gained 5.12%, reflecting a notable positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $142M to the company's valuation, bringing the market cap to $2.91B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BLKB gained 1.58% with muted volume while peers showed mixed, stock-specific moves: INTA (+0.82%), NCNO (+0.04%), BL (+0.67%), BRZE (-3.43%), VERX (+0.61%). No sector-wide momentum appeared in scanners.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | AI partnership launch | Positive | +5.1% | Announced Anthropic partnership and fundraising connector for Claude for Nonprofits. |
| Dec 02 | Buyback expansion | Positive | +5.1% | Board reauthorized, expanded and replenished stock repurchase program to $1B. |
| Dec 02 | Buyback correction | Positive | +5.1% | Correction release reaffirmed expanded $1.0B repurchase capacity and activity details. |
| Dec 01 | Branding/event news | Positive | +1.8% | GivingTuesday Nasdaq bell and new Expedited Giving tools for faster donations. |
| Nov 24 | AI product update | Positive | -2.9% | Bi-annual briefing on AI-powered innovations and Agents for Good across products. |
Recent BLKB news with positive or shareholder-friendly themes (AI roadmap, buybacks, branding events) has usually aligned with positive price reactions, with one notable divergence on an AI update.
Over the past few weeks, Blackbaud has highlighted a series of AI and capital return milestones. On Nov 24, 2025, it showcased AI-powered innovation, including its Development Agent, but shares fell 2.85%. Subsequent news on Dec 1, 2025 around GivingTuesday tools saw a 1.79% gain. On Dec 2, 2025, the company expanded its stock repurchase authorization to $1.0 billion, coinciding with this Anthropic AI partnership announcement; those Dec 2 items were followed by a 5.12% move higher, underscoring strong market reception to combined AI and capital return narratives.
Market Pulse Summary
The stock moved +5.1% in the session following this news. A strong positive reaction aligns with how Blackbaud shares have often responded to recent AI and capital return announcements, such as the prior 5.12% gain on related Dec 2, 2025 news. However, the -2.85% move on the Nov 24 AI briefing showed that enthusiasm has not been uniform across all AI updates. Investors reviewing such a surge may weigh how quickly new AI features contribute to adoption and revenue versus the risk that expectations outpace execution.
Key Terms
agentic AI technical
multi-agent orchestration technical
AI-generated analysis. Not financial advice.
Blackbaud Launches Industry-First Fundraising Connector for Claude for Nonprofits, Further Advancing AI Roadmap, from Agentic AI to Transformational Flexibility
With the new Claude for Work connector, available in Teams and Enterprise plans and debuting for Blackbaud Raiser's Edge NXT®, Blackbaud customers can now choose to access their unmatched intelligence layer built from 40+ years of nonprofit performance data – donor behavior, giving patterns, campaign outcomes, and operational workflows – directly within the platforms they use every day. This integration represents a significant leap forward in expanding optionality of access to Blackbaud solutions, which improve outcomes based on decades of real donor behavior, not generic consumer data.
"When Anthropic approached us to partner on this offering, we were thrilled that it directly aligned with our plans to expand Blackbaud AI by giving our users even more flexibility to access our capabilities wherever they work," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud." Joining forces with Anthropic on this initiative allows us to support customers in an even richer way. And we're just getting started: we intend to expand this connector across our industry-leading nonprofit, education and corporate solutions."
Elizabeth Kelly, Head of Beneficial Deployments at Anthropic, added:
"Blackbaud's data and expertise, combined with Claude's secure, actionable insights, will empower nonprofit professionals to deepen relationships, unlock new opportunities, and accelerate mission-driven work. Together, we're making it easier than ever for organizations to access the intelligence they need – right where they work."
As the only company that connects the entire social impact sector, Blackbaud brings a depth of data and embedded expertise no other provider can replicate. This functionality will transform how organizations engage supporters, optimize campaigns, and drive impact and marks a critical milestone on Blackbaud's journey to support multi-agent orchestration.
The partnership with Anthropic is just one element of a broader strategy to transform what is possible for social impact with AI. Blackbaud customers have never had so many options to leverage AI-driven technology to support their outcomes. At bbcon 2025, Blackbaud announced another groundbreaking AI advancement: Agents for Good™, virtual team members who can proactively take on complex tasks, workflows and initiatives. Seamlessly embedded in the trusted Blackbaud environment, these AI agents allow human practitioners to focus on the parts of the mission that only they can—relationships, storytelling and vision.
The first agent, Development Agent, is already in early access and will unlock new monetization opportunities across the Blackbaud ecosystem, positioning the company to capture incremental annual recurring revenue, accelerate cross-sell, and act as a durable growth engine for the business – all while setting up its nonprofit customers to achieve transformational outcomes.
Blackbaud's innovation will continue to accelerate. The company will expand Agents for Good across core business needs for social impact teams; expand the Anthropic connector across its industry-leading nonprofit, education, and corporate solutions; and continue its rapid expansion of Blackbaud AI capabilities integrated within its solutions, including Chat for Blackbaud AI.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over
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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; 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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SOURCE Blackbaud
FAQ
What did Blackbaud (BLKB) announce on Dec. 2, 2025 about Anthropic?
Which Blackbaud plans include the new Claude for Work connector for BLKB customers?
How does the Anthropic connector use Blackbaud data for BLKB users?
What is Agents for Good and does it affect BLKB customers now?
Will Blackbaud expand the Anthropic connector beyond Raiser's Edge NXT?
