Blackbaud, Inc. - BLKB STOCK NEWS

Blackbaud (NASDAQ: BLKB) has commenced its Product Update Briefing sessions aimed at showcasing innovation in its software tailored for social impact organizations. This semiannual event will highlight ongoing and future technological advancements, particularly focusing on enhancing tools like Raiser's Edge NXT, Payment Services, and the Blackbaud SKY Platform. Key features to be discussed include improved online fundraising capabilities through machine learning, expanded payment options including Google Pay, and enhanced functionalities in Financial Edge NXT. Blackbaud emphasizes its commitment to providing valuable resources that empower organizations to maximize their impact in the nonprofit sector.

Blackbaud (NASDAQ: BLKB) will report its first quarter 2023 financial results on May 3 before U.S. markets open. Following the announcement, the company will host a conference call at 8:00 a.m. ET to discuss the results. Blackbaud, recognized as a leading provider of software for social impact, has facilitated over $100 billion in donations and investments annually. The company's commitment to transparency is evident in its upcoming earnings call, which will also be available via live webcast.

Blackbaud serves sectors focused on social responsibility, including nonprofits and education, showcasing its dedication to driving positive change.

Kroger Health and EVERFI mark their fifth anniversary of collaboration aimed at reducing prescription medication misuse and opioid-related deaths in the U.S. Their joint Prescription Drug Safety education program has reached over 100,000 students across 1,300 schools in 14 geographies. Notable outcomes include 80% of students identifying signs of drug misuse, 83% understanding refusal methods, and 79% feeling equipped to assist peers struggling with substance abuse. The initiative empowers students to make informed decisions about prescription medications, fostering a culture of safety and responsibility. The partnership has a significant impact on public health and community education.

PenFed Credit Union, in partnership with EVERFI, hosted a financial literacy event on April 11, 2023, for 130 12th-grade students at University Gardens High School in San Juan, Puerto Rico. This initiative is part of the 'Tu Dinero, Tu Sueño' program, aimed at enhancing financial literacy among students. Over the past four years, PenFed has provided access to EVERFI's curriculum to more than 3,400 students across 30 schools in Puerto Rico. The program covers essential financial topics including savings, credit management, and retirement planning. Following the event, two students received scholarships worth $1,250 each for their achievements in the program. PenFed has been operating in Puerto Rico for over 15 years and emphasizes community investment and youth financial education.

The latest survey from EVERFI reveals a significant gap in financial preparedness among high school juniors and seniors, emphasizing the urgent need for enhanced financial literacy education in K-12 schools. Conducted during the 2021-22 school year, the survey indicated that only 30% of students felt prepared to compare financial institutions, while 40% felt prepared to understand college costs. Students showed low confidence in managing credit (33%) and understanding loan repayments (25%). Despite a majority acknowledging the importance of budgeting, only half felt equipped to set one up. The report underscores that only 19 states mandate financial education courses before graduation.

Blackbaud (NASDAQ: BLKB) has launched a new feature called Good Move for its TeamRaiser platform, enhancing peer-to-peer fundraising for charitable organizations in the U.S. and Canada. This mobile-first application provides gamified activity tracking, aiming to boost engagement and contributions. It allows users to sync fitness devices and track various fundraising activities, making it easier for nonprofits to achieve their goals. Available at no extra cost to existing customers, this update follows Blackbaud's acquisition of Kilter in late 2022, further solidifying its commitment to social impact.