Blackbaud Partners with Nacional Monte de Piedad to Enable YourCause® Corporate Clients to Donate to Charities in Mexico

Rhea-AI Summary

Blackbaud (NASDAQ: BLKB) has announced a strategic partnership with Nacional Monte de Piedad, a 250-year-old Mexican financial institution, to enable donations to Mexican charities through the YourCause® platform. This collaboration will allow Blackbaud's corporate clients to facilitate employee giving, corporate gift matching, and grants to vetted charities in Mexico.

The partnership enables both cross-border and in-country giving, allowing employees in Mexico to donate in their local currency while receiving tax benefits. Nacional Monte de Piedad will be responsible for vetting charities, facilitating cross-border funds, and distributing donations to Mexico-based nonprofits.

Through YourCause, Blackbaud currently supports employee engagement in over 170 countries, with 26 languages and 172 currencies available. The platform provides modern, purpose-built software solutions designed to amplify corporate social responsibility initiatives, connecting companies and employees to millions of nonprofits worldwide.

Partnership Will Enable Corporate Giving and Grants to Vetted Charities

CHARLESTON, S.C. and MEXICO CITY, Feb. 19, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, and Nacional Monte de Piedad, a 250-year-old public assistance and financial institution with over 300 locations and a nationwide presence in Mexico, have announced a partnership to support the processing of donations made through the YourCause® from Blackbaud® platform to Mexican charitable organizations.

This partnership will enable Blackbaud's corporate clients to leverage YourCause CSRconnect® and GrantsConnect® to facilitate employee giving, corporate gift matching and corporate grants to vetted charities in Mexico, whether through cross-border or in-country giving. For companies that have employees in Mexico, employees will soon be able to confidently donate to local charities in their home currency and receive tax benefits.

YourCause from Blackbaud provides modern, purpose-built software solutions designed to amplify the impact companies can make through their corporate social responsibility (CSR) initiatives. YourCause expands what is possible for companies and their employees by connecting them to millions of nonprofits around the world and facilitating employee giving, volunteering, grantmaking, and impact reporting through modern solutions.

"Through our YourCause platform, we connect companies and their employees to nonprofits around the world to drive social impact," said Dale Strange, president of corporate impact, Blackbaud. "We continue to expand our global partnerships to grow our network of vetted charities that companies can engage with, and we're proud to now be able to connect our customers to hundreds of charities in Mexico, expanding the list of available charities and available ways to donate."

Donations made through the YourCause platform are disbursed to charitable organizations through the Blackbaud Giving Fund in select markets. Due to regulatory requirements in some parts of the world and Blackbaud's commitment to donation distribution security, in-country partners are engaged to process payments, ensuring donors are provided a reliable database of eligible and vetted nonprofits. Blackbaud went through an extensive vetting process and due diligence to find a trusted organization that meets compliance with U.S. regulations, and local laws governing the movement of foreign charitable funds. Through this agreement, Nacional Monte de Piedad will vet charities, facilitate cross border funds, and release donations made through the YourCause platform to Mexico-based nonprofits and charities.

"At Nacional Monte de Piedad, we are committed to strengthening the philanthropic ecosystem in Mexico by facilitating resources for organizations that create a positive impact in our communities," said Alejandra Angarita, director of social investment, Nacional Monte de Piedad. "Through this partnership, we are expanding donation opportunities for companies and individuals looking to contribute strategically and transparently to social causes in Mexico. With 250 years of experience in social investment, we ensure that funds reach trusted organizations working in key areas such as health, education, food security, and financial education. We are proud to serve as the bridge connecting international donors with organizations that are transforming realities in the country."

Blackbaud is committed to providing companies around the world with the tools and resources they need to support global programs, enabling them to engage employees and nonprofits everywhere they do business. Companies using YourCause have engaged employees in over 170 countries, with 26 languages supported and 172 currencies available. For companies seeking an end-to-end approach to social impact, Blackbaud's full suite of corporate social impact solutions and groundbreaking AI-powered impact reporting and storytelling tools make it easy to transform results into powerful narratives and demonstrate their impact.

Learn more about YourCause and Blackbaud's corporate responsibility solutions here. 

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 $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

About Nacional Monte de Piedad
Over the course of 250 years, Nacional Monte de Piedad has contributed to improving the lives of individuals, families, and communities in need through pawn loans, financial services, and social investment in Civil Society Organizations (CSOs) across different regions of the country. "Helping those in need" is the founding mandate of Nacional Monte de Piedad, I.A.P., and they are committed to seeking solutions aimed at change and positive impact by reducing inequality gaps and contributing to the sustainable development of Mexico. Nacional Monte de Piedad aims to identify civil society organizations that meet eligibility criteria and map the issues they address, such as health, education, food security, financial education, and other issues throughout Mexico.

Media Inquiries

Blackbaud: media@blackbaud.com
Nacional Monte de Piedad: Ramon Pena Franco, rpenafr@montepiedad.com.mx

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 does the Blackbaud (BLKB) partnership with Nacional Monte de Piedad mean for Mexican charitable giving?

The partnership enables corporate donations and grants to vetted Mexican charities through Blackbaud's YourCause platform, allowing both cross-border and in-country giving with local currency support and tax benefits.

How many countries and currencies does Blackbaud's YourCause platform currently support?

YourCause supports employee engagement in over 170 countries, with 26 languages and 172 currencies available.

What role will Nacional Monte de Piedad play in Blackbaud's Mexican donation process?

Nacional Monte de Piedad will vet charities, facilitate cross-border funds, and distribute donations made through the YourCause platform to Mexico-based nonprofits and charities.

What features does Blackbaud's YourCause platform offer for corporate social responsibility?

YourCause offers employee giving, volunteering, grantmaking, and impact reporting capabilities, connecting companies and their employees to millions of nonprofits worldwide.

How will Mexican employees benefit from the BLKB-Nacional Monte de Piedad partnership?

Mexican employees will be able to donate to local charities in their home currency and receive tax benefits through the YourCause platform.