SECURITIES AND EXCHANGE COMMISSION

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):      February 1, 2005

BLACKBAUD, INC.

Delaware

2000 Daniel Island Drive, Charleston, South Carolina 29492

Registrant’s telephone number, including area code      (843) 216-6200     

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On February 1, 2005, Blackbaud, Inc. issued a press release reporting unaudited financial results for the year ended December 31, 2004. A copy of this press release is attached.

The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 8.01. Other Events.

On February 1, 2005, Blackbaud, Inc. issued a press release announcing that its Board of Directors has adopted a dividend policy. Under the policy, Blackbaud declared a cash dividend of $0.05 per share payable on February 28, 2005 to stockholders of record on February 14, 2005, and announced that it intends to continue to pay quarterly dividends at an annual rate of $0.20 per share for the fiscal year ending December 31, 2005. The press release also announced that Blackbaud’s Board of Directors has approved a stock repurchase program whereby Blackbaud is authorized to repurchase up to $35 million of its outstanding common stock in open market or privately negotiated transactions. A copy of this press release is attached.

Item 9.01. Financial Statements and Exhibits.

     (c)      Exhibits

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.