Bruce Levenson and His Involvement with the Non-Profit Do Good Institute
Bruce Levenson is the former owner and controlling partner of the Atlanta Hawks Basketball and Entertainment LLC which was sold in 2014. After the sale, Levenson shifted his focus to the non-profit sector, Do Good Institute, at the University of Maryland.
About Do Good Institute
In 2010, the Do Good Institute was launched. It aims at exposing undergraduate students at the University of Maryland to the world of volunteering and non-profit. Bruce uses this initiative to produce non-profit leaders in the business industry so that they can compete against their counterparts in the private sector. Levenson together with the assistance of his wife Karen donated 75 million dollars to the initiative, and the Maryland state contributed an additional 20 million dollars. Also, the Do Good Institute transforms students into informed graduates who are motivated and know the importance of corporate social responsibility. For example, Ben Simon, a former student, co-founded a nonprofit known as FRN (Food Recovery Network) via the Do Good Institute.
Atlanta Hawks Sells Team to Antony Ressler-Grant Hill group
Bruce Levenson hired bankers to assist him with the sale of Atlanta Hawks, but they were above the market price by 27%. According to ESPN, the ownership group of Atlanta Hawks settled on selling the team to Antony Ressler, a billionaire investment and equity fund manager. Ressler and his group bought the Atlanta Hawks for $850 million.
Bruce Levenson’s Career Background
Mr. Bruce Levenson serves as a Partner at United Communications Group, a company that he co-founded with Ed Peskowitzin 1977. Before that, Mr. Levenson was a writer for the Observer Publishing as well as the Washington Star. Since 2015, Bruce has been a director at TechTarget, Inc. Bruce sat on the BOD of the Electronic and Newsletter Publishers Association. Mr. Levenson holds a J.D. as well as a Bachelor of Arts degree from the American University and Washington University respectively. Check out his website: brucelevenson.com