Company Research Report: Blackbaud, Inc.

Company Overview

• Name: Blackbaud, Inc.

• Mission: Blackbaud unleashes the potential of the people and organizations who change the world by powering social impact as the leading software provider, focusing on nonprofits, foundations, education, and Corporate Social Responsibility (CSR).

• When was the company founded and by whom: No information is available.

• Key People in the Company:

• Mike Gianoni - President, Chief Executive Officer, and Vice Chairman of the Board of Directors

• Anthony Boor - Chief Financial Officer, and Executive Vice President of Finance and Administration

• Margaret Driscoll - Chief People & Culture Officer

• David Benjamin - Executive Vice President and Chief Commercial Officer

• Kevin Gregoire - Executive Vice President and Chief Operating Officer

• Kevin McDearis - Executive Vice President and Chief Technology Officer

• Kevin Mooney - Executive Vice President, Strategy and Business Development

• Chad Anderson - Chief Accounting Officer

• Sudip Datta - Chief Product Officer

• Catherine LaCour - Chief Marketing Officer

• Todd Lant - Chief Customer Officer

• Stephen Halleck - Senior Vice President of Business Operations

• Jon Olson - Senior Vice President and General Counsel

• Dale Strange - Senior Vice President and Head of Corporate Impact

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the Company Known For: Blackbaud is the leading provider of software solutions dedicated to social impact, with particular expertise in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility, and education management.

Products

Blackbaud Offers Solutions for:

1. Fundraising:

• Increases revenue through ticketing, marketing, and CRM management.

2. Fund Accounting:

• Simplifies accounting and tracks budgets, revenue, donations, and taxes.

3. Education Solutions:

• Provides end-to-end school management from LMS to tuition and student information.

4. CSR and Corporate Impact:

• Manages employee engagement programs efficiently.

5. Grantmaking:

• Makes giving programs more efficient, strategic, and outcome-focused.

Key Products:

• Blackbaud Altru:

• Cloud-based ticketing, membership, and fundraising software.

• Blackbaud Award Management:

• Improves students' access to scholarships and enhances fund utilization.

• Blackbaud CRM:

• Constituent Relationship Management platform for large to enterprise-level nonprofit organizations.

• Blackbaud Financial Edge NXT:

• Financial management software for transforming fund accounting.

• Blackbaud Grantmaking:

• Comprehensive solution for managing grantmaking workflow, from applications to payments.

• Blackbaud Raiser’s Edge NXT:

• AI-powered Prospect Insights to cultivate major gifts.

Recent Developments

• Innovation and AI Integration:

• Blackbaud recently showcased innovation in AI-powered fundraising and financial management at bbcon 2024, focusing on raising more, saving more, and working smarter.

• Strategic Collaboration:

• Collaborated with Microsoft’s Tech for Social Impact team to integrate sophisticated cloud technology, AI, and analytics into solutions for social impact organizations.

• New Product Features:

• Released new donation forms for Blackbaud CRM and Blackbaud Altru to enhance fundraising capabilities.

• Investment in AI Startups:

• Invested strategically in Momentum, a generative AI startup focused on social impact, indicating a strong commitment to accelerating AI-driven impacts.

• Enhanced Product Roadmaps:

• Semi-annual product briefings provided deeper insights into upcoming product launches and feature expansions.

• Comprehensive Resources:

• Released a free End-of-Year Fundraising Toolkit to assist organizations in year-end planning.

• Stock Repurchase Program:

• Announced a reauthorized, expanded, and replenished $800 million stock repurchase program.

Overall, Blackbaud is deeply integrated in leveraging technology to serve the unique needs of social impact organizations, focusing on innovation, AI integration, and expanding its product and service offerings to meet growing demands in the sector.