BLKB News & Events

Blackbaud announced a partnership with Anthropic to provide the fundraising connector for Claude for Nonprofits aiming to change how mission-driven organizations harness intelligence to accelerate impact. With the new Claude for Work connector, available in Teams and Enterprise plans and debuting for Blackbaud Raiser's Edge NXT, Blackbaud customers can now choose to access their intelligence layer built from 40+ years of nonprofit performance data - donor behavior, giving patterns, campaign outcomes, and operational workflows - directly within the platforms they use every day. The first agent, Development Agent, is already in early access and will unlock new monetization opportunities across the Blackbaud ecosystem. The company will expand Agents for Good across core business needs for social impact teams; expand the Anthropic connector across its industry-leading nonprofit, education, and corporate solutions; and continue its expansion of Blackbaud AI capabilities integrated within its solutions, including Chat for Blackbaud AI.

Blackbaud has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $800M to $1B available for repurchases of the company's common stock. Any net share settlement of employee stock compensation is incremental to this program. During 2025, prior to the replenishment on December 1, 2025, Blackbaud repurchased an aggregate of 2,707,953 shares for $174.5M. These repurchases represent approximately 6.7% of the company's outstanding common stock as of December 31, 2024. Blackbaud has increased its FY25 expected stock repurchase range to 7.0%-8.5% of its outstanding common stock as of December 31, 2024. As of December 1, 2025, the remaining amount available to purchase stock under the company's repurchase program was $1B.

Blackbaud kicked off its bi-annual Product Update Briefings last week, highlighting recent innovation and future roadmap direction for Blackbaud's suite of solutions. During the Product Update Briefings, Blackbaud showcased its latest innovations featured at bbcon 2025, including the Development Agent which will operate proactively to manage donor portfolios, communicate with supporters, follow through on outreach, and enable organizations to reach prospective donors they couldn't reach before. "We're moving beyond systems of record to systems of intelligent action," said Sudip Datta, Chief Product Officer at Blackbaud. "Our product roadmaps build on the goodness of the past, while investing in the future. The responsible inclusion of artificial intelligence is essential to that strategy, and these product update briefings show how that vision is becoming reality across our portfolio."