UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                SCHEDULE 13G/A
                    Under the Securities Exchange Act of 1934
			       (Amendment No. 4)

                                Blackbaud, Inc.
                               (Name of Issuer)

                                 Common Stock
                        (Title of Class of Securities)

                                  09227Q100
                                (CUSIP Number)

                              December 31, 2011
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[ ] Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.


The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




                               CUSIP No. 09227Q100


       1.    Names of Reporting Person

             Generation Investment Management LLP

	     I.R.S. Identification Nos. of above person: 98-0456791

       2.    Check the Appropriate Box if a Member Of a Group

             [ ] (a)
             [ ] (b)

       3.    SEC Use Only

       4.    Citizenship or Place of Organization

             London, United Kingdom

       		 5.  Sole Voting Power:  1,986,929
Number of
Shares           6.  Shared Voting Power: 0
Beneficially
Owned by         7.  Sole Dispositive Power:    2,815,387
Each Reporting
Person With      8.  Shared Dispositive Power: 0

       9.    Aggregate Amount Beneficially Owned by Each Reporting Person

             2,815,387

       10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

       11.   Percent of Class Represented by Amount in Row (9)

	     6.31%

       12.   Type of Reporting Person

	     IA




Item 1. (a)  Issuer: Blackbaud, Inc.

 	(b)  Address of Issuer's Principal Executive Offices:

             2000 Daniel Island Drive
             Charleston, South Carolina 29492

Item 2. (a)  Name of Person Filing:

             Generation Investment Management LLP

        (b)  Address of Principal Business Offices:

             One Vine Street
             London, United Kingdom  W1J 0AH

        (c)  Citizenship:

             Please refer to Item 4 on each cover sheet for each filing person

        (d)  Title of Class of Securities

             Common Stock

        (e)  CUSIP Number: 09227Q100

Item 3.  This Statement is filed pursuant to Rule 13d-1(c).

Item 4.  Ownership

         Please see Items 5 - 9 and 11 for each cover sheet for each Reporting
	 Person

Item 5.  Ownership of Five Percent or Less of a Class

         Not Applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person

	 Not Applicable




Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company

         Not Applicable

Item 8.  Identification and Classification of Members of the Group

         Not Applicable

Item 9.  Notice of Dissolution of Group

         Not Applicable

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.




                                SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Date:  February 14, 2012
                                       Generation Investment Management LLP

                                       By: /s/ David Blood
                                       --------------------------
                                       Name: David Blood
                                       Title: Chief Executive Officer