---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000002"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T17:52:36.241271+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Blackbaud sells EVERFI business to private investor for nominal consideration; retains YourCause

## Summary
- Sale closed Dec 31, 2024; EVERFI transferred to unaffiliated private investment firm for nominal cash and assumption of liabilities.
- Blackbaud retains YourCause portfolio and Impact Edge solution; EVERFI assets and liabilities excluded DC office lease.
- Transition services agreement in place for limited period after closing.
- Company expects to file impairment charge estimate within four business days via amended 8-K.

## SEC filing metadata
- accession: 0001280058-25-000002
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000002/0001280058-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000002/blkb-20241231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000002
- JSON: https://secwatch.observer/filing/0001280058-25-000002.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000002.txt

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