- 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
In 2019, YourCause solutions processed over
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.
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
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