Bruce Levenson’s Philanthropy Takes A New Turn

Bruce Levenson has been mentioned several times on Forbes.com over the last two years such as when he sold the Atlanta Hawks in 2015 for a hefty sum of $850 million, and then the following year when he and several other owners filed a lawsuit against AIG insurance for their failure to honor a policy. In that particular case Levenson and his fellow owners sought damage relief regarding settling a contract dispute with former GM Danny Ferry. But there has been positive news as well with Levenson’s new Do Good Institute. Levenson is helping young people change their view of philanthropy and find creative ways to run a non-profit organization like a startup business. https://www.benzinga.com/news/17/03/9165680/university-of-marylands-non-profit-initiative-is-changing-higher-education

Bruce Levenson’s business career started back in 1977 while attending law school at American University. He and his friend Ed Peskowitz had decided to go into newsletter publishing and they had the printing equipment in their apartment, so they began publishing papers on the oil industry and other businesses. Their success led to the start of United Communications Group (UCG), a company that covers news in finance, healthcare, education and energy. Levenson also joined the board at BIA Digital Partners and led the spinoff of TechTarget. He and Peskowitz entered the NBA ownership circle in 2004 when they made their bid to purchase the majority of the Atlanta Hawks’ shares. Levenson owned the team until early 2015.

Bruce Levenson‘s philanthropy has been largely based in Washington D.C. where he grew up and has spent much of his time at. Charities he’s been involved in include the Community Foundation and Hoop Dreams, a basketball tournament for teenagers. He’s also been a board member of the Holocaust Memorial Museum where he’s started a program for teaching young people how to tell their friends about the event. Levenson also supports Jewish organizations such as SEED, BBYO and Birthright Israel.

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