Blackbaud, Inc. (ticker: BLKB, exchange: NASDAQ Global Market (.O))
News Release -
Fundraising On the Rise for 10th Consecutive
MonthBlackbaud debuts new specialty index focused on international affairs
CHARLESTON, S.C., Jul 15, 2011 (BUSINESS WIRE) --
Blackbaud, Inc. (Nasdaq: BLKB)
today announced the release of a
report focused on fundraising trends based on monthly findings from The
Blackbaud Index and featuring commentary from Drakes Bay Fundraising
and CARE USA. Additionally, Blackbaud announced the release of a new
specialty index focused on international affairs organizations.
"For the 10th consecutive month, The Blackbaud Index of Charitable
Giving has shown positive growth, and for the first time in a very long
time, that growth exceeds 10 percent for the three months ending May
2011 over the prior year," said Chuck Longfield, Blackbaud's chief
scientist and creator of The Blackbaud Index. "Also, for the first time
since the start of the Great Recession, that growth is being experienced
by organizations of all sizes.
"Our newest index, representing organizations involved with
international affairs, was up 13 percent reflecting significant
post-Haiti growth while fundraising at arts and culture organizations
grew nearly 12 percent. The increase wasn't universal however as human
services and environmental organizations were still down from their year
earlier results. And with job growth flat the past two months and the
economy weakening; a real challenge for all nonprofits going forward
will be maintaining this momentum."
The Blackbaud Index of Charitable Giving and The Blackbaud Index of
Online Giving are updated on the 15th of each month and are based on a
three-month moving average of year-over-year percent changes in
charitable giving. They represent the most comprehensive and timely
sources of charitable giving available. To subscribe to monthly email or
text alerts or to read more about the methodology, visit www.blackbaud.com/blackbaudindex.
The Blackbaud Index of Charitable Giving
The Blackbaud Index of Charitable Giving reports that overall charitable
revenue grew 11.3% for the three months ending May 2011, as compared to
the same period in 2010. This trend is based on $2.3 billion in 12
months' revenue from 1,383 nonprofit organizations.
Blackbaud also releases additional data and analysis that reports on
organizations by size. The Index found that three-month overall
charitable revenue for small organizations (prior year revenue of < $1
million) increased 17.6% in May, while overall charitable revenue at
medium organizations (prior year revenue of $1 - 10 million) increased
10.3%, and overall charitable revenue at large organizations (prior year
revenue > $10 million) increased 9.8%.
The Blackbaud Index of Online Giving
The Blackbaud Index of Online Giving reports that online revenue
increased by 6.7% for the three months ending May 2011, as compared to
the same period in 2010. This trend is based on $427 million in 12
months' online revenue from 1833 organizations.
The Index found that three-month online revenue for small organizations
(prior year revenue of < $1 million) increased 16.5% in May, while
online revenue at medium organizations (prior year revenue of $1 - 10
million) decreased 2.5%, and online revenue at large organizations
(prior year revenue > $10 million) increased 11.6%.
NEW: The Blackbaud Index - International Affairs
Blackbaud introduced a new specialty index this month, focused on the
international affairs sub-sector, which will be updated monthly going
forward. These organizations are defined by Giving USA as international
aid, development and relief, as well as policy and analysis
The Blackbaud Index of Charitable Giving reports that international
affairs organizations had an overall charitable revenue increase of 13%
for the three months ending May 2011, as compared to the same period in
2010. This trend is based on $375 million in 12 month revenue from 17
The Blackbaud Index of Online Giving reports that international affairs
organizations had a slight online revenue decrease of .3% for the three
months ending May 2011, as compared to the same period in 2010. This
trend is based on $53 million in 12 month revenue from 52 organizations.
"There seems to be a trend of general recovery this month," said Chris
Dann, president of Drake's Bay Fundraising, who provided commentary for
the report. "The biggest difference between the overarching and the
international affairs indices is the impact of disaster on the numbers
and the distinction between online and offline giving."
Kymberly McElgunn Wolff, senior vice president, resource development
with CARE USA said that, barring any disasters, CARE is happily
forecasting flat for the remainder of the year. As the economy threatens
to weaken again, Wolff noted that international affairs organizations
like CARE that don't have domestic programming, may feel the brunt.
"Obviously, the current focus is on domestic affairs, and that will
affect funding for international organizations in the near term," said
Wolff. "That, in addition to momentum surrounding U.S. political
campaigns and weak economic predictive indicators could prove quite
challenging. We have to be diligent in engaging our donors from the
presentation of the case for support through reporting the significant
impact their giving is making in the lives of so many around the world."
for further data on The Blackbaud Index and additional industry subsets,
for monthly updates on the 15th or to subscribe to email or
text alerts, to view a video about benchmarking and metrics, and to
download the latest report. Please share your feedback at email@example.com.
Blackbaud is the leading global provider of software and services
designed specifically for nonprofit organizations, enabling them to
improve operational efficiency, build strong relationships, and raise
more money to support their missions. Approximately 24,000 organizations
-- including The American Red Cross, Cancer Research UK, Earthjustice,
International Fund for Animal Welfare, Lincoln Center, The Salvation
Army, The Taft School, Tulsa Community Foundation, Ursinus College, the
WGBH Educational Foundation, and Yale University -- use one or more
Blackbaud products and services for fundraising, constituent
relationship management, financial management, website management,
direct marketing, education administration, ticketing, business
intelligence, prospect research, consulting, and analytics. Since 1981,
Blackbaud's sole focus and expertise has been partnering with nonprofits
and providing them the solutions they need to make a difference in their
local communities and worldwide. Headquartered in the United States,
Blackbaud also has operations in Australia, Canada, Hong Kong, the
Netherlands, and the United Kingdom. For more information, visit www.blackbaud.com.
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. 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 related to our dividend policy
and share repurchase program, including potential limitations on our
ability to grow and the possibility that we might discontinue payment of
dividends; risks relating to restrictions imposed by the credit
facility; 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.
SOURCE: Blackbaud, Inc.
Melanie Mathos, 843-216-6200 x3307