Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Blackbaud, Inc. is a publicly traded software company that provides cloud-based solutions specifically designed for the nonprofit, education, healthcare, and social impact sectors. The company operates within the software-as-a-service (SaaS) and information technology services industries, with a focus on fundraising, financial management, constituent relationship management, and analytics. Blackbaud’s primary revenue drivers are subscription-based software licenses, recurring maintenance, and professional services tied to implementation and support.
The company is best known for its purpose-built platforms that address the operational and fundraising needs of mission-driven organizations, positioning it as a specialized provider rather than a general enterprise software vendor. Founded in 1981, Blackbaud initially focused on financial software for nonprofits and has since evolved into a cloud-first provider through organic development and acquisitions. Its transition from on-premise solutions to cloud-native platforms has been a central element of its long-term strategy.
Business Operations
Blackbaud organizes its operations around major business segments that reflect its customer markets and solution sets, primarily Nonprofit Cloud Solutions and Education Management Solutions. These segments include flagship platforms such as Blackbaud Raiser’s Edge NXT, Blackbaud Financial Edge NXT, Blackbaud Altru, and Blackbaud Education Management. Revenue is generated primarily through recurring subscriptions, with additional income from professional services, payment processing, and data intelligence offerings.
The company operates both domestically and internationally, delivering its services through cloud infrastructure and regional support teams. Blackbaud controls proprietary fundraising, CRM, and financial management technologies tailored to regulatory and operational requirements of nonprofits and educational institutions. Its operations also include subsidiaries such as Blackbaud Europe Ltd. and Blackbaud Pacific Pty Ltd., which support regional markets and localized product offerings.
Strategic Position & Investments
Blackbaud’s strategic direction centers on expanding its cloud ecosystem, increasing recurring revenue, and embedding data intelligence and analytics into its platforms. Growth initiatives have focused on enhancing donor engagement tools, modernizing financial management systems, and integrating payment and data capabilities across its product suite. The company has historically pursued selective acquisitions to expand functionality and enter adjacent markets.
Notable acquisitions that have shaped Blackbaud’s portfolio include JustGiving, which expanded digital fundraising capabilities, and EVERFI, which added education and workplace learning solutions to the company’s offerings. Blackbaud has also invested in data and analytics capabilities through its Blackbaud Data Intelligence unit, aiming to provide predictive insights that improve fundraising effectiveness and operational decision-making.
Geographic Footprint
Blackbaud is headquartered in North America, with its principal executive offices in the United States. The company maintains a significant presence across Europe, Asia-Pacific, and parts of Latin America, serving customers in dozens of countries through regional offices, partners, and cloud delivery models.
Its international operations support nonprofits, educational institutions, and cultural organizations in major markets such as the United Kingdom, Canada, Australia, and Ireland. While the majority of revenue is generated in the United States, international markets represent an important component of Blackbaud’s growth strategy and long-term market diversification.
Leadership & Governance
Blackbaud is led by an executive team with experience in enterprise software, cloud transformation, and mission-driven markets. The leadership emphasizes customer-centric innovation, recurring revenue growth, and operational discipline, with a stated focus on helping social impact organizations achieve measurable outcomes through technology.
Key executives include:
- Michael P. Gianoni – President and Chief Executive Officer
- Tony Boor – Executive Vice President and Chief Financial Officer
- Louie Anastasopoulos – Executive Vice President and Chief Operating Officer
- Kristen Behrens – Executive Vice President and General Counsel
- Deborah F. Conrad – Senior Vice President and Chief Marketing Officer