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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.
On October 23, 2020, Blackbaud (NASDAQ: BLKB) announced enhancements to its Peer-to-Peer Fundraising solution, integrating livestream capabilities to support organizations facing fundraising challenges due to COVID-19. This no-cost solution allows organizations to create online campaigns that increase reach and revenue. The Stuttering Association for the Young successfully raised nearly $250,000 through a virtual event, showcasing Blackbaud's technology's effectiveness. The platform facilitates seamless integration with other Blackbaud solutions, driving more donations from both new and existing donors.
Blackbaud (NASDAQ: BLKB) has released a report indicating that COVID-19 has significantly altered parent expectations in K-12 education. Based on a survey of 7,450 parents, key findings include high satisfaction levels with remote learning (85%) and increased expectations for technology use in schools. Notably, 54% expect all learning resources to be online, and 85% show interest in competency-based education. However, one in five families considered changing schools, indicating disruption in typical enrollment trends. This shift in expectations signals a lasting impact on educational technology adoption.
Blackbaud (NASDAQ: BLKB) will announce its third quarter 2020 financial results on October 28 after market closure. A conference call for discussion will be held on October 29 at 8:00 a.m. ET. The call will be accessible via webcast and archived on Blackbaud's investor webpage.
Blackbaud, the leading cloud software provider for social good, serves various sectors, including nonprofits and education. With over three decades in operation, Blackbaud continues to empower organizations with tailored software solutions.
Blackbaud (NASDAQ: BLKB) successfully hosted its 21st annual bbcon, a virtual tech conference from October 6-8, 2020, attracting over 38,000 registrants globally. The event highlighted new product innovations and featured notable speakers discussing resilience and social good. Blackbaud reinforced its collaboration with Microsoft to enhance digital transformation in the social good sector. Key advancements included updates to existing products and the introduction of the Social Good Startup Program aimed at supporting diverse startups. The conference underscored Blackbaud's commitment to innovation amidst COVID-19 challenges.
The Blackbaud Institute has released Vital Signs Part 3, revealing that fewer US households are contributing to charitable donations, with major donors increasingly controlling the sector’s funding. The report, which spans data from 2010-2019, indicates a decline in both the number of donor households and their retention rates. The findings emphasize the need for organizations to adapt fundraising strategies to maintain donor engagement and to consider the preferences of the Baby Boomer demographic, who significantly influence philanthropy today.
Blackbaud (NASDAQ: BLKB) announced that Emmy-nominated host Padma Lakshmi will speak at bbcon 2020 Virtual from Oct. 6-8, 2020. The event, free to attendees, focuses on social good amid COVID-19. Lakshmi is recognized for her advocacy and culinary expertise, hosting Bravo's "Top Chef" and Hulu's "Taste the Nation." Blackbaud reported over 29,000 registered participants for the conference, featuring speakers like Amy Poehler and Dr. Cornel West. Additionally, a musical performance by JOHNNYSWIM will occur during the event, enhancing its appeal to the social good community.
Blackbaud (NASDAQ: BLKB) announces that Hoda Kotb, co-anchor of TODAY and bestselling author, will headline bbcon 2020 Virtual, taking place October 6-8. This year's conference, transformed to a global virtual format due to COVID-19, is free for all attendees. Notable speakers include Amy Poehler and Dr. Cornel West, with over 23,000 participants registered. Additionally, musician Natasha Bedingfield will perform during the event. Blackbaud continues to connect and empower social good organizations through its cloud software solutions.
Blackbaud (NASDAQ: BLKB) announced that acclaimed actress Amy Poehler will address the bbcon 2020 Virtual conference, taking place Oct. 6-8. This year's event is free and designed to inspire social good, reflecting the challenges posed by COVID-19. Over 18,000 attendees are registered worldwide. Poehler is recognized for her advocacy work and will lead the opening session. Additional speakers include Marc Brackett, Dara Torres, and a panel on adapting to change. For details, visit bbconference.com.
Blackbaud (NASDAQ: BLKB) announced that Carrie Cobb has been named co-chair of the Giving USA Foundation Advisory Council on Methodology. The council evaluates the methodologies used in the Giving USA Annual Report, a key resource in charitable giving data. Cobb, who leads Blackbaud's data intelligence practice, aims to enhance the report's reliability for the social good community. Blackbaud is a leader in cloud software for social good, serving various organizations to amplify their impact through tailored software solutions.
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