Breakthrough Program To Bring New Funding Solutions to Blackbaud Customers

Houston, January 19, 2023 – Blackbaud’s January 2023 cohort has been announced and DonateStock, was among only 6 companies selected to participate in the Blackbaud Social Good Startup Program this year (read Blackbaud’s official release). The program is part of Blackbaud’s commitment to expanding the Ecosystem of Good® and supports early-stage software companies focused on solving problems that matter to the social good community.

Since the program’s launch in 2019, Blackbaud has supported a total of 45 startups through six cohorts, with these organizations raising a collective $125 million in funding. In addition, 43% of startup founders in the program are from underrepresented backgrounds. 

DonateStock was selected for the January 2023 cohort based on its ability to meet Blackbaud’s criteria of powering mission driven organizations and driving maximum impact while also offering a complementary alignment with Blackbaud’s vertical solutions and customers within their vertical markets.

“Blackbaud’s Social Good program supersizes the concept of partnership and delivers squarely on their mission of driving maximum impact,” said Steve Latham, Co-Founder and CEO, DonateStock. We are honored to be selected alongside some remarkable mission driven companies. We’re equally motivated to see how big of a wave we can create together to bring access and opportunity for both donors and nonprofits across the Blackbaud ecosystem.”

Program participants receive curated access to Blackbaud resources, marketing opportunities and non-dilutive grant funding, and Blackbaud develops a plan with each founder to address their goals for growth. Participants have published multiple Blackbaud product integrations in the Blackbaud Marketplace, collaborated with other Blackbaud ISV partners to develop integrations, participated in Blackbaud events and engaged in targeted discovery with Blackbaud customers to get product feedback and implement changes to best suit customer needs. 

Founders are also invited to participate in the annual Blackbaud Social Good Startup Showcase at the end of the year, where they can pitch their ideas to Blackbaud leaders for a chance to create networking opportunities and ultimately win cash prizes.

“Blackbaud is committed to connecting and equipping a global ecosystem of good, with the goal of accelerating innovation in the social good sector,” said Jerry Needel, vice president, innovation and incubation, Blackbaud. “We are seeing a growing role for Blackbaud as a hub of innovation, where we can leverage our unique assets—customer reach, deep domain expertise and our leading cloud software platform for social good—to help highly innovative companies in the space grow faster, and ultimately help our customers reach their missions. Working with these passionate, mission-driven entrepreneurs has been incredibly inspiring to our team, and we’re thrilled to kick off with our latest class of startups.”

About DonateStock

At the intersection of Fintech and philanthropy DonateStock is transforming charitable giving by making stock gifting easy and accessible to millions of nonprofits and donors. DonateStock streamlines the stock gifting process to help donors save on taxes while having greater impact. Nonprofits benefit from larger pre-tax donations along with the tools, automation and support needed to scale stock gifting. By making stock gifting easy and accessible to all, DonateStock is helping thousands of nonprofits impact millions of lives. Learn more at https://donatestock.com

About Blackbaud

Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics.