This just in from Friday's edition of the Boston Herald:

WELLESLEY, MA - Babson College plans to establish an institute for social entrepreneurship after receiving a $10.8 million gift, its second largest individual donation ever.

The school announced Friday that the gift from the Lewis Charitable Foundation will fund the Lewis Institute at Babson College. The institute will be charged with training leaders to use the skills and attitudes of an entrepreneur to tackle tough global issues, such as poverty and energy.

The institute will provide seed money for social ventures and host a "green collar venture competition" that supports environmentally sensitive projects.

Donor Alan Lewis, a travel company executive, said he’s proud to team with Babson to teach entrepreneurs to incorporate social responsibility into their future businesses.

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This may represent a new opportunity(ies) for Rhode Island institutions and entrepreneurs interested in social entrepreneurship (to partner with Lewis Institute).