Blackbaud's Rachel Hutchisson Speaks on the Future of Giving and Philanthropy at Social Innovation Summit 2020

Rhea-AI Summary

Blackbaud (NASDAQ: BLKB), a leading cloud software company, sponsored the all-virtual Social Innovation Summit 2020, attracting 6,000 participants from 75 countries. VP Rachel Hutchisson discussed the resilience of giving, highlighting a consistent $7 billion annual increase in U.S. donations over the last 40 years. Notably, political donors contributed over $800 million to campaigns and were also generous to other causes. During economic challenges, those who could give increased their donations by 40%. Hutchisson expressed optimism for the future of philanthropy.

Positive

• Consistent annual increase in U.S. giving of $7 billion over the past 40 years.
• Political donors contributed over $800 million in 2020 and maintained generosity to other causes.
• Evidence of increased giving during economic downturns, with a 40% rise from those able to donate during the Great Recession.

Negative

• None.

CHARLESTON, S.C., July 23, 2020 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, recently took to the mainstage of Social Innovation Summit 2020 as a featured sponsor of the all-virtual event. With an audience of 6,000 leaders and innovators across 75 countries, Blackbaud's Rachel Hutchisson, vice president of corporate citizenship and philanthropy, shared insights into the future of giving and philanthropy during her mainstage presentation on day three of the Summit.

Blackbaud's vision is to power an Ecosystem of Good^® that builds a better world. During her presentation, Hutchisson shared, "Working at the intersection of all this good teaches us a lot…It reminds us, first of all, that even in this time of multiple social and economic crises, we are surrounded by so much good."

Hutchisson emphasized the resiliency of giving, even during times of uncertainty. Giving in the U.S. over the past 40 years has consistently increased year over year with an average $7 billion annual increase in giving.

Moreover, people who are engaged are generous, even during an election year. Looking at 400,000 political donors who gave over $800 million to this year's political campaigns revealed that they also gave more than that amount to other causes. Additionally, Hutchisson points out that generosity continues to beget generosity. In difficult economic times, the number of donor households decreases. However, data from the Great Recession, which began in December 2007 and lasted 19 months, revealed that those who could continue to give actually gave 40% more during those difficult times.

Hutchisson noted, "Companies are creating and sustaining this Ecosystem of Good, and it's important to remember that companies are made up of people who want to be engaged. These employees are giving to COVID-related campaigns at a rate of 15 times the normal rate of giving."

"Generosity is flowing," Hutchisson concluded. "And when I look to the future, I'm hopeful this will continue. I'm reassured and reminded that there's a spirit that flows through the Ecosystem of Good. And that spirit is generosity."

Watch Hutchisson's full presentation here and learn more about corporate social responsibility at Blackbaud here.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina, and has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
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, particularly in larger organization; 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.

 

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/blackbauds-rachel-hutchisson-speaks-on-the-future-of-giving-and-philanthropy-at-social-innovation-summit-2020-301098993.html

SOURCE Blackbaud

FAQ

What did Rachel Hutchisson discuss at the Social Innovation Summit 2020 for Blackbaud (BLKB)?

Rachel Hutchisson emphasized the resilience of giving, noting consistent increases in U.S. donations despite economic challenges.

What is the average increase in U.S. giving mentioned by Blackbaud (BLKB)?

The average annual increase in U.S. giving is $7 billion over the past 40 years.

How did political donor contributions relate to other causes in 2020 according to Blackbaud (BLKB)?

Political donors gave over $800 million to campaigns and contributed even more to other causes.

What trend in giving was observed during the Great Recession according to Blackbaud (BLKB)?

During the Great Recession, those who continued to give increased their donations by 40%.

What was the audience size at the Social Innovation Summit 2020 sponsored by Blackbaud (BLKB)?

The Social Innovation Summit 2020 attracted 6,000 participants from 75 countries.