CHARLESTON, S.C., May 14, 2020 /PRNewswire/
-- Blackbaud (NASDAQ: BLKB), the world's leading cloud
software company powering social good, today releases data insights
into companies' corporate social responsibility (CSR) response to
COVID-19. Data was collected via Blackbaud's YourCause CSRconnect
solution, which houses corporate program details and its employees'
engagement within CSR programs. Results show that companies are
stepping up to support customers and employees during the pandemic.
Key insights include:
- 82% of companies are giving employees a choice of which
nonprofit to support for COVID-19 relief, and it's paying off –
companies offering COVID-19 fundraising opportunities are seeing
employees engage 15 times more than average
- Nearly 50% of companies have donations allocated to COVID-19
efforts
- Corporations are matching their employee's COVID-19 relief
donations at a rate of 1.6 times and 60% of dollars donated to
COVID-19 efforts have been funded from the company's portion of the
match program
"We're proud to be the CSR technology partner to a third of
Fortune 500 companies," said Kevin
Gregoire, executive vice president and president of
Enterprise Markets Group, Blackbaud. "As evidenced through this
data and the stories we've heard over the past several weeks,
companies, like so many other organizations across the Ecosystem of
Good®, are stepping up to fight the pandemic and support
those in need. It's not only inspiring to see this level of
response, but it truly is making an impact."
In 2019, YourCause solutions processed over $1 billion in donations and grants, transacting
over $500,000 every business hour
benefiting more than 170,000 social good organizations globally.
And, through YourCause solutions, more than 12 million volunteer
hours were coordinated, tracked and rewarded in 2019. In the past
weeks alone, Blackbaud CSR customers have impacted more than 5,000
nonprofit organizations and more than 58,000 donations have been
transacted every business hour during the COVID-19
pandemic.
Blackbaud is supporting these efforts through enhancements to
CSRconnect, such as built in tagging integration with NPOconnect,
which allows nonprofit organizations to designate activities
directly associated with COVID-19 efforts. This integration allows
companies and employees to easily find COVID-19-related virtual
volunteer and fundraising opportunities in their area. Blackbaud
has also been proactively encouraging nonprofit organizations to
register for ACH, so they can receive donations electronically. At
the onset of COVID-19, only 30% of nonprofit organizations in
CSRconnect received their funds electronically. As organizations
have transitioned to remote working, receiving and processing paper
checks can significantly slow down cash flow and the ability for
organizations to use donations when they need them most – during
the pandemic. Through Blackbaud's proactive outreach, more than
1,500 organizations have now registered for ACH.
See the full results of how companies are responding to
COVID-19 here and learn more about Blackbaud's solutions for
CSR.
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.
Media Inquiries
media@blackbaud.com
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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SOURCE Blackbaud, Inc.