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Exhibit 25.1
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM T-1
 
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
 
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|


 
THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.
 (Exact name of trustee as specified in its charter)
 
 
(Jurisdiction of incorporation
if not a U.S. national bank)
 
95-3571558
(I.R.S. employer
identification no.)
 
 
 
333 South Hope Street
Suite 2525
Los Angeles, California
(Address of principal executive offices)
 
90071
(Zip code)
 
 



Blackbaud, Inc.
 (Exact name of obligor as specified in its charter)
 
 
Delaware
(State or other jurisdiction of
incorporation or organization)
 
11-2617163
(I.R.S. employer
identification no.)
 
   
 
65 Fairchild Street
Charleston, South Carolina
(Address of principal executive offices)
 
 
29492
(Zip code)



Debt Securities
(Title of the indenture securities)
 

1.
General information.  Furnish the following information as to the trustee:
 
  (a)
Name and address of each examining or supervising authority to which it is subject.
 
 
Name
Address
 
Comptroller of the Currency
United States Department of the
Treasury
Washington, DC 20219
     
 
Federal Reserve Bank
San Francisco, CA 94105
     
 
Federal Deposit Insurance Corporation
Washington, DC 20429


(b)
Whether it is authorized to exercise corporate trust powers.
 
Yes.
 
2.
Affiliations with Obligor.
 
If the obligor is an affiliate of the trustee, describe each such affiliation.
 
None.
 
16.
List of Exhibits.
 
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a‑29 under the Trust Indenture Act of 1939 (the “Act”).
 

1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
 

2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 

3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).
 
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4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).
 

6.
The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).
 

7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
 
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SIGNATURE
 
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Jacksonville, and State of Florida, on the 23rd day of December, 2024.
 
 
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
   
 
By:
/s/         Michael C. Jenkins
   
Name:
Michael C. Jenkins
   
Title:
Vice President

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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
 of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071
 
At the close of business September 30, 2024, published in accordance with Federal regulatory authority instructions.
 
     
Dollar amounts in thousands
 
         
ASSETS
       
         
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
     
26,798
 
Interest-bearing balances
     
301,825
 
Securities:
         
Held-to-maturity securities
     
0
 
Available-for-sale debt securities
     
525
 
Equity securities with readily determinable fair values not held for trading
     
0
 
Federal funds sold and securities purchased under agreements to resell:
         
Federal funds sold in domestic offices
     
0
 
Securities purchased under agreements to resell
     
0
 
Loans and lease financing receivables:
         
Loans and leases held for sale
     
0
 
Loans and leases held for investment
   0  

 
LESS: Allowance for credit losses on loans and leases
   0  
 
Loans and leases held for investment, net of allowance
   0  
 
Trading assets
     
0
 
Premises and fixed assets (including right-of-use assets)
     
10,600
 
Other real estate owned
     
0
 
Investments in unconsolidated subsidiaries and associated companies
     
0
 
Direct and indirect investments in real estate ventures
     
0
 
Intangible assets
     
856,313
 
Other assets
     
95,524
 
           
Total assets
   
$
1,291,585
 

1

LIABILITIES
         
           
Deposits:
         
In domestic offices
     
1,118
 
Noninterest-bearing
  1,118  

 
Interest-bearing
 
0
 
 
           
Federal funds purchased and securities sold under agreements to repurchase:
         
Federal funds purchased in domestic offices
     
0
 
Securities sold under agreements to repurchase
     
0
 
Trading liabilities
     
0
 
Other borrowed money:
         
(includes mortgage indebtedness and obligations under capitalized leases)
     
0
 
Not applicable
         
Not applicable
         
Subordinated notes and debentures
     
0
 
Other liabilities
     
257,847
 
Total liabilities
     
258,965
 
Not applicable
         
           
EQUITY CAPITAL
         
           
Perpetual preferred stock and related surplus
     
0
 
Common stock
     
1,000
 
Surplus (exclude all surplus related to preferred stock)
     
107,099
 
Not available
         
Retained earnings
     
924,518
 
Accumulated other comprehensive income
     
3
 
Other equity capital components
     
0
 
Not available
         
Total bank equity capital
     
1,032,620
 
Noncontrolling (minority) interests in consolidated subsidiaries
     
0
 
Total equity capital
     
1,032,620
 
Total liabilities and equity capital
     
1,291,585
 

I, Shana Quinn, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.


Shana Quinn
)
CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
 
 
Kevin C. Weeks, President
)
 
 
Cathleen Sokolowski, Managing Director
)
Directors (Trustees)
 
Jon M. Pocchia, Senior Director
)
 


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