Blackbaud Inc Stock Price, News & Analysis

Blackbaud (NASDAQ: BLKB) has released its 10th annual Industry Review, analyzing corporate social responsibility (CSR) data from over 380 companies and 7.6 million employees. Key findings reveal that in-person volunteer events were preferred, with 72% of 6 million tracked hours occurring in person. Matching gifts comprised 43.7% of total donations, while 91% of companies supported offline giving. Notably, over $607 million in grants were awarded in 2021. The report shows significant growth in both companies and employees engaged in CSR, reflecting an evolving focus on social impact.

Blackbaud (NASDAQ: BLKB) is set to report its second quarter 2022 financial results on August 2, following the U.S. market close. A conference call will take place on August 3 at 8:00 a.m. ET to discuss these results. The company, a leader in cloud software for social good, supports diverse sectors including nonprofits and educational institutions, helping them increase their impact through specialized solutions. A webcast of the call will be available on Blackbaud's investor webpage for those interested.

On July 6, 2022, Blackbaud (NASDAQ: BLKB) announced that its Chief Marketing Officer, Catherine LaCour, received the 2022 South Carolina Women in Business Award from Charleston Business Magazine. This prestigious recognition honors women excelling in various business fields. LaCour has played a pivotal role at Blackbaud for 12 years, during which the company earned multiple accolades, including America's Best Midsized Employers and Best Employers for Diversity and Women. Her leadership has significantly expanded Blackbaud's market share in the philanthropic and technology sectors.

EVERFI awarded a total of $483,000 in college scholarships to 279 K-12 students across the United States for the 2021-2022 school year. The scholarships will be used for 529 College Savings Plans, enhancing financial accessibility for higher education. Over 13,000 submissions were received for scholarship contests focused on career aspirations and financial literacy. EVERFI, a Blackbaud company, aims to empower students through education and financial support, helping them build critical skills while pursuing their academic dreams.

Blackbaud (NASDAQ: BLKB) has appointed Chris Singh as the first Chief Customer Officer, effective June 21, 2022. This role underscores Blackbaud's commitment to enhancing customer experience across their lifecycle. Singh previously served as senior vice president of Customer Success, facilitating over 300 customer sessions with 53,000 attendees. He aims to improve customer engagement and strategic outcomes. His prior experience includes senior leadership roles at SAP, focusing on customer success and satisfaction. Blackbaud's mission is to empower social good organizations through cloud software.

Blackbaud (NASDAQ: BLKB) launched its annual Developers' Conference on June 7, 2022, focusing on innovation within nonprofit technology. The event emphasizes the low-code movement, enabling nonprofits to enhance their operations through accessible technology. Key announcements include investments in the SKY API® and new self-service tools for customers. Over 50% of sessions will be customer-led, showcasing real-world applications and best practices. The conference aims to empower social good organizations through enhanced technology solutions and foster a creative community.

Blackbaud has launched Prospect Insights, an AI-driven tool integrated into Raiser's Edge NXT, aimed at enhancing fundraising efforts for social good organizations. This innovation enables users to identify and prioritize major donor prospects effectively without the need for additional staff. Notably, 20% of donor households contribute 80% of total fundraising revenue. Prospect Insights automates donor evaluation and prescribes actionable insights, streamlining the major gift fundraising process for smaller and mid-sized organizations.

The Blackbaud Institute is celebrating a decade of its charitable giving index, which tracks over $40 billion in U.S. donations from 8,400 organizations. To mark this milestone, the Institute will host a series of free virtual 'fireside chats' featuring industry leaders, discussing key trends in philanthropy. Upcoming topics include donor engagement and direct marketing strategies. Blackbaud aims to provide valuable insights to help nonprofit leaders navigate changes in giving patterns influenced by the pandemic and rising inflation.

Blackbaud (NASDAQ: BLKB) has released its 2021 Social Responsibility Report, highlighting key achievements in supporting the social good community, employee diversity, and environmental responsibility. In 2021, Blackbaud supported nearly 150,000 organizations globally, achieved carbon neutrality, and increased its Partner Network by 43%. Additionally, 55% of new hires came from historically underrepresented groups. Despite challenges from the pandemic, Blackbaud enhanced its commitment to data privacy, engaged employees actively in volunteer efforts, and reported a 95% customer satisfaction rating.