---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-24-000070"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T03:52:45.326481+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackbaud to record up to $415M noncash impairment charge on EVERFI asset group

## Summary
- EVERFI represented ~8% of total revenue for nine months ended September 30, 2024.
- Estimated pre-tax noncash charge up to $415M, primarily finite-lived intangibles and capitalized software.
- Company hired a strategic advisor to consider alternatives for EVERFI, including potential divestiture.
- Charge will be reflected in Q4 2024 financial statements; no future cash expenditures.
- Additional impairment charges possible upon completion of strategic alternatives evaluation.

## SEC filing metadata
- accession: 0001280058-24-000070
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000070/0001280058-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000070/blkb-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-24-000070
- JSON: https://secwatch.observer/filing/0001280058-24-000070.json
- Plain text: https://secwatch.observer/filing/0001280058-24-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.