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New York Gov.
Kathy Hochul says she's "committed to lifting up every community in New York and helping people grow and thrive."
The Democrat and Chronicle reports the state is getting a $30 million boost from two major players in the business world: MetLife and the MetLife Foundation.
The $30 million includes $5 million in funding and impact investments from the foundation and $25 million in impact investments from MetLife.
The largest chunk of that, $1 million, is going to Launch NY, a fund that aims to boost entrepreneurship in the state.
"As a company founded in New York, we are proud to be part of the state's fabric and believe we have an important role in the communities we serve," says MetLife CEO Michel Khalaf.
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Foundation to Promote Open Society
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Ford Foundation
Fidelity Investments Charitable Gift Fund
California Community Foundation
San Diego Foundation
Santa Barbara Foundation
Scranton Area Community Foundation
Community Foundation for Northeast Michigan
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.