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Blackbaud Reaches $50M Settlement With 49 States, District of Columbia Over 2020 Data Breach

NonProfit PRO

million combined settlement with 49 states and the District of Columbia regarding the nonprofit technology provider’s 2020 data breach and its aftermath. Blackbaud reached a $49.5 Here’s an overview of what the settlement requires of Blackbaud moving forward.

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A Volunteer Hour In U.S. Jumps To $33.49

The NonProfit Times

The value is estimated from data collected in 2023, the figure illustrates the valuable and significant contributions volunteers make every day to support our communities and nation. In a state-by-state comparison and including the District of Columbia and Puerto Rico, Massachusetts had the highest volunteer value at $40.97

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Bursting at the seams: Candid’s largest nonprofit compensation report yet  

Candid

Featuring 40% more compensation data compared to last year’s report on 14 top leadership positions—including CEO, CFO, and more. Following frustrating pandemic-related delays, the IRS released around a million Form 990 files in May 2023, providing crucial data to offer a more complete picture of nonprofit compensation.

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Investor Makes $4.3 Billion Bid To Take Blackbaud Private

The NonProfit Times

stake in Blackbaud, according to data from the London Stock Exchange Group. million to settle with 49 states and the District of Columbia after its 2020 data breach. Clearlake already owns an 18.3% The offer last year was approximately $71 per share, with the new offer increasing that to $80 per share.

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Value of volunteer time rose nearly 5 percent in 2020

Candid

Bureau of Labor Statistics and uses data from AmeriCorps on volunteer hours. per hour for the District of Columbia. “As Independent Sector has announced that the estimated value of a volunteer hour in the United States reached $28.54 in 2020, up from $27.20, or 4.9 percent, in 2019. State-level values range from $13.74

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Blackbaud Reports 6.7% Gain, Boosted By Recurring Revenue

The NonProfit Times

of Blackbaud stock based on data from the London Stock Exchange Group. Blackbaud is still dealing with fallout from its May 2020 data breach which cost the firm $2 million during the quarter. million in legal and other costs stemming from the 2020 data breach. Clearlake hold 18.3% GAAP income from operations was $10.7

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Key takeaways from Candid’s 2021 Nonprofit Compensation Report

Candid

It is the only large-scale analysis of its kind based entirely on data reported to the IRS and continues to be the most comprehensive nonprofit compensation study available. . The District of Columbia has the highest median executive compensation at $174K, followed by New York ($152K) and Massachusetts ($143K).

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