Blackbaud

Blackbaud sells cloud-based software and payment processing to nonprofits, K–12 schools, and higher education institutions. Its product catalog spans donor management, grant accounting, student information systems, learning management, and integrated payment services. The company also provides website design packages built on WordPress, tailored specifically to the fundraising and enrollment needs of mission-driven organizations.

No. Blackbaud is a publicly traded enterprise software company that serves the nonprofit and education sectors. It does not manage a pool of investment capital, make direct investments in private companies, or operate as a single-family or multi-family office. It appears in the Altss universe because its software processes the financial transactions — donations, grants, tuition payments — that flow through the institutional philanthropy ecosystem.

Blackbaud Merchant Services and Blackbaud Integrated Payments handle credit card, ACH, and mobile-pay transactions for nonprofits and schools. Organizations use these services to accept donations online, process event registration fees, and collect tuition. The firm earns revenue from transaction-based fees and sells add-on services like the Blackbaud MobilePay app for in-person giving.

The primary verticals are nonprofit fundraising organizations — including large foundations, healthcare charities, and arts institutions — and K–12 private and independent schools. Higher education clients use Blackbaud for enrollment management, student billing, and learning management. The company also serves faith-based organizations and community foundations that require donor-advised fund accounting.

Blackbaud does not manage investment assets on behalf of clients and does not publish an AUM figure. Its role is providing the software infrastructure those clients use to track and process their own funds, not directing how endowment or grant capital is invested.