Who Owns Blackbaud?
Blackbaud is owned by Blackbaud, Inc., a publicly traded software company listed on Nasdaq under the ticker BLKB. The brand provides fundraising, financial management, grantmaking and payment software for nonprofits, schools, foundations and corporations. It was founded in 1981 by Anthony Bakker, is headquartered in Charleston, South Carolina, and generated $1.13 billion in revenue in fiscal 2025.
Parent Company
Founded
1981
Status
Publicly Traded
Headquarters
Who Owns Blackbaud?
- Parent Company: Blackbaud, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: Nasdaq: BLKB
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Blackbaud | Blackbaud, Inc. | Brand division |
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History of Blackbaud
- Founded: 1981
- Founders: Anthony Bakker
Anthony Bakker founded the company in New York City in 1981 after developing a computerized billing system for the Nightingale-Bamford School in Manhattan. The first commercial product, Student Billing, handled accounts receivable for private schools. As nonprofits adopted the software for donor tracking, the company built The Raiser's Edge, which became the standard fundraising database for the American nonprofit sector and defined the company for decades.
In 1989, with roughly 75 employees, the company relocated from New York to Mount Pleasant, South Carolina, seeking lower operating costs. It went public on Nasdaq in 2004 and spent the next decade consolidating the nonprofit software market through acquisitions: Target Software in 2007, Kintera in 2008, Convio in 2012 for $325 million, MicroEdge in 2014, UK fundraising platform JustGiving in 2017, and corporate giving platform YourCause in 2019 for approximately $157 million.
Under CEO Mike Gianoni, who took over in 2014, Blackbaud shifted its entire product line to cloud delivery, introducing the NXT generation of products and retiring on-premise systems. In 2021 the company moved to a remote-first workforce model. In December 2024 it sold its EVERFI education business to a private investment firm, narrowing focus to its core social good software, and in 2025 it rolled out a company-wide AI strategy branded Intelligence for Good.
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About Blackbaud, Inc.
What does Blackbaud own?
Blackbaud owns a portfolio of software product brands for the social good sector: Raiser's Edge NXT, Financial Edge NXT, Blackbaud CRM, Luminate Online, JustGiving, YourCause, Blackbaud Grantmaking, and education products including Tuition Management. It sold its EVERFI education business in December 2024.
Is Blackbaud publicly traded?
Yes. Blackbaud trades on the Nasdaq under the ticker BLKB and is a component of the S&P 600 index. It has been public since its 2004 IPO.
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Who founded Blackbaud?
Anthony Bakker founded Blackbaud in New York City in 1981 after building a billing system for a Manhattan private school. The company moved to South Carolina in 1989 and is now headquartered in Charleston.
Where is Blackbaud headquartered?
Blackbaud is headquartered at 65 Fairchild Street in Charleston, South Carolina, on Daniel Island. The company adopted a remote-first work model in 2021 while retaining its Charleston headquarters.
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Who owns Blackbaud?
Blackbaud is a widely held public company with no controlling shareholder. Its stock is held primarily by institutional investors, and it is led by CEO Mike Gianoni and a board chaired by Andrew Leitch.
What is Blackbaud's revenue?
Blackbaud reported $1.13 billion in revenue for fiscal year 2025, down 2.3% from 2024 primarily due to the divestiture of its EVERFI business. Organic revenue grew 5.5% and adjusted EBITDA was $405.3 million.
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Did Blackbaud have a data breach?
Yes. In 2020 Blackbaud suffered a ransomware attack and data breach affecting thousands of nonprofit customers. It later paid a $3 million SEC fine in 2023, a $6.75 million multistate settlement, and entered an FTC settlement requiring stronger data security practices.
- Founded: 1981
- Headquarters: Charleston, South Carolina, USA
- Company Type: Publicly Traded
- Stock: Nasdaq: BLKB
- Revenue: $1.13 billion (FY2025)
- Employees: Approximately 2,800
Where Is Blackbaud Made / Based?
- Headquarters: Charleston, South Carolina, USA
Blackbaud Categories & Tags
Blackbaud Recalls & Controversies
The brand's most significant controversy is a 2020 ransomware attack and data breach that affected thousands of nonprofit customers. Blackbaud paid a ransom and told customers the attacker had destroyed the stolen data, but regulators later found the company's public disclosures understated the breach's scope.
The SEC fined the company $3 million in March 2023 for misleading investors. A multistate attorneys general investigation produced a $6.75 million settlement in October 2023, and a 2024 Federal Trade Commission settlement required Blackbaud to delete unnecessary retained data and strengthen its security program. The breach remains the primary trust issue attached to the brand.
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Blackbaud Ownership: Pros & Cons
Advantages
- +Market leadership in nonprofit software creates deep switching costs
- +98% recurring revenue gives the business predictable economics
- +Full product stack covers fundraising, accounting, payments, and CSR
- +Public company resources fund continuous product investment
- +Dedicated social good focus differentiates from general-purpose rivals
Considerations
- -Legacy product transitions have frustrated some long-time customers
- -The 2020 breach and regulatory penalties damaged brand trust
- -Premium pricing pushes smaller nonprofits toward cheaper competitors
- -Concentration in the nonprofit vertical limits growth outside the sector
Frequently Asked Questions About Blackbaud
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Sources & Further Reading
Competitors to Blackbaud
No direct competitors found in the same category. This could be because Blackbaudoperates in a unique market segment or we're still building our competitor database.
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Blackbaud, Inc. Stock Information
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