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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.
KCA Wealth Management has partnered with EVERFI to enhance financial literacy among students in Central Pennsylvania, donating $30,000 to support local schools. This initiative coincides with National Financial Literacy Month and aims to equip students with essential financial skills. The EVERFI curriculum includes various courses for different age groups, focusing on budgeting, entrepreneurship, and financial decision-making. Founder Brian Kennedy emphasizes the importance of teaching these skills early to foster sound financial habits. Interested parties can contact KCA for further information.
Blackbaud (NASDAQ: BLKB) announced a new integration for its Merchant Services, allowing U.S. social good organizations to accept payments via PayPal and Venmo. This feature enhances donor experience by enabling a seamless checkout, with PayPal boasting over 426 million active accounts. Early adopters reported nearly 10% of donations came through PayPal. Blackbaud aims to expand fundraising options for its customers, ultimately helping them to better fulfill their missions. The integration will initially be available in the U.S. with plans for international rollout later.
PenFed Credit Union, in partnership with EVERFI, hosted a financial literacy event for over 2,200 students in Puerto Rico, focusing on 11th and 12th graders at Saint John's School. The event culminated in the 'Tu Dinero, Tu Sueño' program, aimed at enhancing financial education. PenFed's commitment includes providing access to essential financial knowledge at no cost and awarding scholarships totaling $1,250. This initiative is part of PenFed's broader strategy to invest in Puerto Rico's youth, with over $8 million allocated since Hurricane Maria's impact in 2017.
On March 10, 2022, Blackbaud announced a partnership with Change, a technology platform focused on donation processing, to enhance customer-facing giving experiences for corporate clients. This collaboration enables companies to conduct charitable campaigns at point of sale, match donations, and integrate giving options into loyalty programs. The partnership responds to the increasing demand for corporate social responsibility (CSR) strategies, with a focus on facilitating donations, including in cryptocurrency, reflecting a shift towards digital philanthropy.
Southern Glazer’s Wine & Spirits has launched an online African American History course for high school students in select regions of Florida and Texas. The initiative aims to empower students through education, offering scholarships totaling $10,000 to winners and funding for their teachers. The contest is part of the C.H.E.E.R.S. to Diversity program, which promotes educational opportunities. Eligible students must complete EVERFI’s online curriculum. This effort reflects Southern Glazer's commitment to community engagement and education.
Blackbaud (NASDAQ: BLKB) has announced its participation in two significant investor events in March 2022. The company's president and CEO, Mike Gianoni, will engage in one-on-one and group meetings hosted by Stifel on March 2, 2022. Following that, Steve Hufford, Director of Investor Relations, will hold one-on-one meetings at the Raymond James 43rd Annual Institutional Investor Conference in Orlando, Florida, on March 8-9, 2022. Additional details and company updates can be found on the Blackbaud investor website.
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
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