The Blackbaud Index

Your Source for Charitable and Online Giving Trends

The Blackbaud Index provides great fundraising ideas and resources that bring you the most up-to-date information on charitable giving today. Tracking more than $30 billion in US-based charitable giving, the Index is updated on the first of each month and is based on year-over-year percent changes. Featuring overall and online giving, the Index can be viewed by size and subsets of the nonprofit industry.

Blackbaud Index - Watch a Video

Jul 5, 2018, 14:08 PM
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Watch a video featuring key stats from the 2017 Charitable Giving Report.

A Message from Chuck Longfield, Blackbaud’s Chief Scientist

Chuck Longfield

Questions about the Index? Read about the methodology, or contact us at

Economic conditions, natural disasters, and market fluctuations have made it extremely difficult for nonprofits to make fundraising decisions informed by the latest donor behavior. That is why we created The Blackbaud Index — to provide insight into what happened in the prior few weeks and valuable analysis by leaders in the sector into what fundraisers can learn from it.

Although nonprofits already have worthwhile indices and resources including Giving USA from the Giving Institute and Indiana University, the AFP Fundraising Effectiveness SurveyGuidestar, and the  Quarterly Index of National Fundraising Performance from Target Analytics, a broad-based index that reported giving trends on a monthly basis did not exist.

Blackbaud is the largest provider of software and services to nonprofits in the world. Our software is used by more than 40,000 organizations in 50 countries. Each day we work with nonprofits of all sizes and sectors, from local food banks to the American Red Cross and the International Fund for Animal Welfare. We felt that if anyone could take on this ambitious project, we could.

How do we create The Blackbaud Index?

Each month, we draw actual giving statistics from the databases of thousands of US-based participating organizations using a variety of fundraising systems to determine how much revenue was raised in the prior month. We include giving from all sources of fundraising activities: direct mail, telemarketing, face-to-face fundraising, email, online, mobile giving, small- and large-scale events, and major and deferred giving. We do not include the unfulfilled portion of pledge gifts, but we do include the donated value of in-kind and stock gifts. We include giving from individuals, corporations, and foundations but do not include giving by individuals or corporations to private and community foundations or other intermediaries. To include these gifts would double count the revenue when those organizations subsequently make grants to other nonprofits. We do not currently exclude the value of goods and services provided in exchange for gifts (e.g., the cost of premiums) but hope to in the future. And lastly, we do include adjustments made to gifts (e.g., bounced checks and refunds) to provide a more accurate accounting of real revenues. As a result, you may find that indices values change slightly from month to month, as we obtain newly-adjusted data from each organization.

Each organization is then categorized by one of eight sectors using its National Taxonomy of Exempt Entities — or NTEE code — as reported on its 990 tax return. These sectors are Arts, Culture, and Humanities; Education; Environment and Animals; Healthcare; Human Services; International Affairs; Public and Society Benefit; and Religion.

We report the Index as a three-month moving median of year-over-year percent changes in giving. What exactly does this mean? Each month, we add up all of the giving for the prior three months and compare this total to the same three months one year earlier to calculate the annual percent change for each organization in our index. Why do this? Many organizations have big campaigns (events or mailings) that occur at roughly the same time each year. However, if an event was in late April one year but early May the next, the change in monthly giving might be significant while the change in giving over a three month period might actually be the same. An index based on a moving median is less sensitive to these small timing issues and will serve as a more practical decision-making tool. However, one downside to a moving median is that the “smoother” index will dampen large fluctuations caused, for example, by disaster relief giving.

We also adjust the indices to be representative of the nonprofit industry, by size of organization and by industry sector. There are nearly 2 million nonprofits in the country, and we didn’t want the indices to be skewed by organizations or sectors where Blackbaud had greater representation. Using the 990 data, we determined the relative representation of giving by size and sector and adjusted our results accordingly. As such, the resulting indices will be more representative of both specific sectors and the industry as a whole.

How will the Index change over time?

As we mentioned above, we will adjust the indices monthly to reflect updated data. Similarly, we will adjust the indices as new organizations join in or others drop out. We continually assess our Index dataset and review our potential to produce new indices either by sector or channel, in an overall effort to provide the fundraising community with more specific and meaningful benchmarks. Knowing how an organization compares to similar cohorts by size, mission, techniques, or other shared attributes can be invaluable when trying to determine if it was strategy, implementation, economies of scale, or donor behavior that drove results.

I’m sure many of you who share my passion for the nonprofit sector will have great ideas for other directions in which we can take these indices. My team and I look forward to your suggestions and hope you find these initial indices useful.