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Blackbaud, Inc. (NASDAQ: BLKB) is a pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.
Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.
Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.
Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).
As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.
Blackbaud (NASDAQ: BLKB) has launched two new fee-cover models, Complete Cover™ and Donor Cover, for its Raiser's Edge NXT® and eTapestry® platforms in the U.S. and Canada. These features aim to reduce processing costs for charitable organizations during online transactions. Complete Cover allows organizations to receive 100% of eligible donations, while Donor Cover lets supporters choose whether to cover transaction fees. Both options are now available as standard features for eligible customers, enhancing financial sustainability in fundraising.
The Youth Alcohol Awareness and Education Foundation, supported by Southern Glazer’s Wine & Spirits, has made the AlcoholEdu for High School curriculum available for free to public and private high schools across Miami-Dade, Broward, Dallas, Collin, and New York counties for the 2022-2023 school year. This online program aims to prevent underage drinking through interactive, science-based education. Last year's program resulted in a significant increase in knowledge scores among students, with a 31% improvement. Over 24,151 students have participated since the program's launch in 2017.
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.
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