Bruce Levenson is the founder and key trustee of Do Good Institute at the University of Maryland, reports prnewswire.com. He retired from NBA ownership in 2015 after selling the Atlanta Hawks for $850 million, nearly twice the value they were thought to be prior to the sale. He also had filed a lawsuit against AIG insurance the following year when they refused to issue payouts to a claim regarding former General Manager Danny Ferry’s dispute. At Do Good Institute, Levenson is encouraging students to put their entrepreneurial skills to use to build philanthropic groups and run them like businesses. Levenson believes that many non-profits can succeed with the right leaders and visionaries leading them.
Bruce Levenson grew up in Washington D.C. and began his business career there in journalism. He wrote for the Washington Star for several years, but then while he went to law school he decided to start publishing his own paper. He and Ed Peskowitz started out with a publication titled Oil Express, and as they gained profits they turned their publishing business into a large company named Unified Communications Group. UCG went from the oil industry to technology, banking, healthcare and government regulations news and also became the incubator company for TechTarget. UCG also owns the GasBuddy app. See, brucelevenson.com.
Bruce Levenson decided to become an NBA owner in 2004 and purchased the Atlanta Hawks along with the arena and the stakes in the NHL’s Atlanta Thrashers who he sold in 2011. Levenson also was on the Board of Governors during this time, http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks. Levenson’s enthusiasm for basketball also led him to help launch Hoop Dreams, a tournament in downtown Washington D.C. for youth basketball players and helped fund private school scholarships. Levenson also is involved with the Holocaust Memorial Museum and supports Jewish activists in BBYO, Seeds of Peace and Birthright Israel.