Blackbaud Inc Stock Price, News & Analysis

Varo Bank has announced the launch of SaveUp, a free savings curriculum for middle schools, in partnership with EVERFI. This initiative aims to reach 4,500 middle schools by June 2024 and is part of the Varo Money Power program. The course, aligned with national financial education standards, empowers students to build savings habits early. Varo emphasizes financial inclusion, with the program expected to enhance understanding of budgeting and savings among low-to-moderate income populations.

The Blackbaud Institute has released a guide titled Philanthropy Through Recession aimed at helping social good organizations navigate economic downturns. Analyzing 40 years of recession data, the study reveals that philanthropy tends to remain resilient despite economic fluctuations. Key findings show that giving usually lags behind stock market volatility by about two years, and total charitable giving has increased by over $300 billion since 1979. The guide includes seven actionable steps for organizations to strengthen their resilience against potential recessions.

Principal Foundation, in collaboration with EVERFI, has launched a free data science and financial literacy curriculum called DataSetGo for U.S. high school students. The program aims to enhance data literacy, as only 21% of 16- to 24-year-olds are data literate. Debuting in 11 markets, it targets 70,000 students by 2025. The pilot program in 2021-2022 reached 6,000 students, doubling their assessment scores. With data scientist jobs projected to grow 31% by 2030, this initiative supports students' educational and career goals, fostering economic mobility.

EVERFI, Inc. has awarded the 2022 EVERFI Empowered Seal to 1,440 school districts in the U.S. and Canada, recognizing their commitment to critical skills education. Of these, 858 are first-time honorees. The Empowered Seal designation highlights districts that implement digital-first strategies in financial literacy, social-emotional learning, and sustainability. As part of the initiative, students from these districts can compete for $6,000 in scholarships. Founded in 2008, EVERFI, a subsidiary of Blackbaud (BLKB), has impacted over 45 million learners.

OneMain Financial has enhanced its financial education program by introducing a new course, Build: Credit Fundamentals, aimed at high school students. Developed with EVERFI, this initiative aims to equip students with essential knowledge on building and managing credit, which is crucial for their financial health. The program, which has reached over 66,000 students in more than 1,000 schools, will receive $300,000 in scholarships over four years. This effort supports the growing demand for financial education, with many states now requiring such courses for graduation.

Southern Glazer's Wine & Spirits is offering digital courses on African-American history to high schools in Miami-Dade and Broward counties in Florida, plus Dallas and Collin counties in Texas. Students completing these courses can enter the "Cheers to Diversity Student Essay Contest" for a chance to win a $2,500 college scholarship. Since 2020, over 6,600 students have participated, achieving an 82% learning gain. This initiative aims to enhance diversity in education, reflecting the company's commitment to social impact.

Blackbaud (NASDAQ: BLKB) announces that actor Simu Liu will keynote at bbcon 2022 Virtual on Oct. 17-18, a free online event focused on social good.

Liu, known for his role in Marvel's "Shang-Chi", will provide insights to attendees. Blackbaud aims to empower social good organizations with actionable strategies and insights, showcasing upcoming product innovations. The conference also features bestselling author Glennon Doyle, highlighting diversity and empathy in leadership.

Blackbaud (NASDAQ: BLKB) has announced its acquisition of Kilter, an activity-based engagement app. This strategic move aims to enhance fundraising initiatives by integrating health and wellness activities into peer-to-peer fundraising. Kilter allows users to track a diverse range of activities like yoga and motorcycling, expanding options beyond traditional fundraising events. The app will be incorporated into Blackbaud TeamRaiser and YourCause CSRconnect platforms, providing users with increased engagement opportunities and supporting companies in their social responsibility goals.