The Blackbaud Institute Releases The State of the Social Sector: Navigating in a Time of Uncertainty

Rhea-AI Summary

The Blackbaud Institute has released a new report titled The State of the Social Sector: Navigating in a Time of Uncertainty, which aims to help social good organizations adapt to the changing landscape of 2020. The report highlights that despite widespread changes, philanthropy trends are positive, with individual giving continuing to dominate charitable contributions, showing a 1.2% increase compared to June 2019. The report provides insights into how past events impact giving behavior and aims to equip organizations with data-driven strategies for resilience.

Positive

• Overall giving in June increased by 1.2% compared to the previous year.
• Individuals remain the largest contributors to charitable giving year over year.
• The report highlights potential long-term positive impacts on giving from current social movements.

Negative

• None.

CHARLESTON, S.C., Aug. 5, 2020 /PRNewswire/ -- The Blackbaud Institute, a research division of Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today releases The State of the Social Sector: Navigating in a Time of Uncertainty, a series of reports which seeks to help social good organizations interpret the rapidly changing landscape of 2020 and plan for a resilient future by applying lessons learned from past giving data and trends.

"From recessions to significant natural disasters to political campaigns and social upheavals, looking back allows us to understand how philanthropy follows and often aligns with major events," said Managing Director of the Blackbaud Institute Ashley Thompson. "In examining these trends, we can identify the core practices that have enabled organizations to weather past challenges and allow social good organizations to forge a path forward in the ever-changing 2020. While much remains uncertain, we can expect the events of 2020 to shake up charitable behavior across the sector."

The Blackbaud Institute's The State of the Social Sector report coincides with the release of its quarterly charitable giving index, The Blackbaud Institute Index, and provides additional context into the potential long-term impacts of 2020 and how organizations can use these insights to plan and adapt for the future. In addition to this report, the Blackbaud Institute is also launching a sector-specific series to help organizations across the social good space make informed, data-driven decisions about how to navigate these times of uncertainty.

Key insights from the report include:

• Though 2020 will be marked as a time of widespread change, the overarching trends in philanthropy are positive: individuals, companies and groups continue to invest in the causes they care about. Giving by individuals remains the largest contributor to overall giving year over year. And, overall giving in June increased by 1.2% for the last 12-months compared to the same months ending in June 2019.
• Major events and social movements have the power to temporarily attract attention toward specific causes. In 2017, for example, a multitude of circumstances motivated Americans to engage socially and politically¹. In the immediate aftermath, organizations saw significant rises in households making new gifts. While organizations did not retain all those new donors, the spotlights shone on their causes provided a renewed interest in giving.
• History—specifically the 1970s and 80s—demonstrates that while social and political movements do not directly benefit all charitable subsectors, expanding the population of donors inevitably benefits all types of organizations. So far, 2020 has felt an unforeseeable convergence of similar influences, which will likely impact 2020's climate of giving.

"In these unprecedented times, the way your organization adapts to challenges will determine both your current and long-term organizational health," continued Thompson. "By looking back, we can provide a sense of stability in knowing that Americans are, and continue to be, philanthropic. We hope this additional context and insight will help members of the social good community harness all that is changing to propel their missions forward."

Read the full State of the Social Sector report and view the sector-specific editions by visiting BlackbaudInstitute.com/state-of-the-social-sector-series.

¹ Vital Signs Part 2: The Undeveloped Value of New Donors, Blackbaud Institute, 2018

About The Blackbaud Institute
The Blackbaud Institute drives research and insight to accelerate the impact of the social good community. It convenes expert partners from across the philanthropic sector to foster diverse perspectives, collective thinking and collaborative solutions to the world's greatest challenges. Using the most comprehensive data set in the social good community, the Blackbaud Institute and its partners conduct research, uncover strategic insight and share results broadly to drive effective philanthropy at every stage, from fundraising to outcomes. Knowledge is powering the future of social good, and the Blackbaud Institute is an engine of that progress. Learn more, sign up for our newsletter, explore our knowledge base of social good best practices and trends, see the latest quarterly statistics on giving and check out our most recent resources at BlackbaudInstitute.com.

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.

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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.

 

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FAQ

What does the Blackbaud Institute's report reveal about charitable giving trends for BLKB?

The report indicates a 1.2% increase in overall giving in June compared to June 2019, suggesting positive trends in philanthropy.

How can organizations use insights from Blackbaud's report to navigate uncertainties?

Organizations can apply lessons learned from past giving data to adapt and plan for future resilience amid uncertainty.

When was the Blackbaud Institute's report on the social sector released?

The report was released on August 5, 2020.

What key insights does the Blackbaud report provide for social good organizations?

It emphasizes the importance of understanding past events and trends in philanthropy to guide future actions for social good organizations.

How does the report relate to Blackbaud's quarterly charitable giving index?

The report coincides with the release of the quarterly charitable giving index, providing additional context for the giving trends observed.