Charleston, SC (PRWEB) October 01, 2012
The Blackbaud Index of Charitable Giving, a broad-based fundraising index that reports overall giving trends of 2,878 US-based nonprofit organizations representing $8 billion in yearly giving on a monthly basis, today reported that charitable giving decreased 3.4% for the three months ending August 2012 as compared to the same period in 2011. Throughout 2012, charitable giving growth has been limited to single digits with a slightly downward trend, but this is the first time since March 2011 that giving has been negative. This was due to the spike in disaster giving related to Haiti relief work during the same period in 2010. Setting aside the slight negative (-.8%) in March 2011, the last time the Index dropped into negative territory was in July 2010.
The Blackbaud Index of Online Giving, comprised of actual revenue data from 1,978 nonprofits representing $406 million in yearly online giving, reported that online giving rose 2.4% for the three months ending August 2012 as compared to the same period in 2011. High levels of giving to International Relief organizations in 2011 in response to a record number of natural disasters impacted the Index of Online Giving. Excluding International Relief organizations, online giving was up 7% for the three months ending August 2012.
The Blackbaud Index of Charitable Giving and The Blackbaud Index of Online Giving are updated on the first of each month (or the next business day) and are based on a three-month moving average of year-over-year percent changes in US-based charitable giving. They represent the most comprehensive and timely sources of charitable giving available. To subscribe to monthly email or text alerts, read about the methodology, visit
Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 27,000 nonprofit customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent K-12 education, animal welfare and other charitable causes. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising software, online fundraising software, event fundraising software, eMarketing, social media, advocacy, constituent relationship management (CRM), analytics, financial management and vertical-specific solutions for ticketing, school management, and more. For more information, visit http://www.blackbaud.com.
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Important factors that could cause actual results to differ materially from Blackbaud’s expectations expressed in this press release include the following: management of integration of acquired companies and other risks associated with acquisitions; general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel, including our new CFO; 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 organizations; 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 http://www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.