Blackbaud reports developments in social impact software for nonprofits, foundations, corporations, schools, higher education institutions, healthcare organizations and other mission-driven customers. Company news commonly covers AI-powered fundraising, fund accounting, award management, payments and billing, customer outcomes, product launches and partnerships across its social impact platform.
Recurring updates also include quarterly financial results, guidance, sector research from the Blackbaud Institute, education-market initiatives, and company events such as bbcon. Product and platform themes include Intelligence for Good, Agent for Good, the Development Agent, Raiser's Edge NXT and related tools designed for fundraising, donor engagement, financial management and social impact operations.
Blackbaud (NASDAQ: BLKB) reported its Q4 and full-year 2021 financial results, highlighting a GAAP total revenue of $247.9 million for Q4, reflecting a 2.2% increase year-over-year. The company plans to achieve approximately 17% revenue growth in 2022, boosted by its acquisition of EVERFI, which is expected to significantly increase total revenue. Non-GAAP diluted earnings per share for Q4 were $0.75, down $0.10. Full-year GAAP revenue reached $927.7 million, up 1.6%. Blackbaud anticipates its 2022 revenue guidance will be between $1.075 billion and $1.095 billion.
The Blackbaud Institute released its 2021 Charitable Giving Report, highlighting a record 9% increase in U.S. giving, the highest since 2012. The report tracked over $46 billion in charitable contributions, revealing that average donations climbed to $813—a 10% rise. Online giving also grew by 9%, with over 12% of donations made online. Notably, environmental organizations saw a substantial growth of 19.3% in donations.
OneMain Financial has launched a new national credit education program for high school students called Credit Worthy, supported by a $4 million investment. This digital curriculum aims to improve financial literacy and will reach at least 1,500 schools by the end of 2022. As part of the initiative, OneMain will provide $300,000 in scholarships. The program addresses a critical gap, given that 68% of students lack understanding of credit scores, as highlighted by EVERFI's research.
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Blackbaud (NASDAQ: BLKB) will report its fourth quarter and full year 2021 financial results on February 22, 2022, after market close. A conference call discussing the results will take place on February 23, 2022, at 8:00 a.m. ET. Blackbaud is the leading cloud software company for the social good sector, providing tailored solutions for nonprofits, education, and other organizations to enhance their impact. The company has a global presence, operating in multiple countries including the U.S., U.K., and Canada.
Blackbaud (NASDAQ: BLKB) announced that its president and CEO, Mike Gianoni, has been recognized as one of the '50 Most Influential People of 2021' by Charleston Business Magazine for the fourth consecutive year. This accolade highlights Gianoni's significant economic and community contributions. Under his leadership since 2014, Blackbaud has enhanced its market presence, serving vital sectors including nonprofits and higher education. The company’s recent acquisition of EVERFI further strengthens its ESG solutions, connecting major corporations with impactful social initiatives.
Blackbaud (NASDAQ: BLKB) announced a significant multi-year, six-figure donation to Project Drawdown to enhance global climate solutions. This partnership aims to reach 'drawdown'—the point where greenhouse gas levels begin to decline, combating climate change. Blackbaud's investment will fund educational initiatives and programs aimed at increasing awareness and engagement in climate action among various audiences, including educators and students. The company continues to emphasize its commitment to ESG practices, aligning with sustainable development goals.
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Blackbaud (NASDAQ: BLKB) announced updates on its Social Good Startup Program, an accelerator for early-stage software companies impacting the social good community. Launched in 2020, the program has supported 27 startups, helping them collectively raise over $45 million in funding. The recent pitch competition awarded cash prizes to standout participants. Notable startups include Give InKind, Change, and Carpool to School. Participants gain access to resources, marketing, and funding opportunities, enhancing their growth potential.
Blackbaud (NASDAQ: BLKB) is reinforcing its commitment to social good through its global corporate social responsibility (CSR) initiatives. In 2021, the company made significant donations for disaster relief and supported employee volunteering efforts, including a major donation to Big Brothers Big Sisters. Blackbaud also donated nearly 1,000 devices to various organizations. They have been recognized by Newsweek as one of America's Most Responsible Companies and continue to engage in environmental, social, and governance (ESG) efforts, including joining the UN Global Compact.