Bruce Levenson; Businessman and Philanthropist

Bruce Levenson is an American Business man. He was the co-owner of the Atlanta Hawks LLC, which is the NBA team based out of Atlanta. Levenson also served as the Hawks’ Governor on the NBA Board of Governors.

Before owning the Atlanta Hawks, Bruce co-founded United Communications Group with his partner Ed Peskowitz. This company was started in 1977 in Levenson’s apartment. This company published newsletters on how to develop the oil industry, but has also acquired other newsletter about different subjects. Levenson and Peskowitz’s business specializes in data, news, and analysis of various subjects which include healthcare, energy, technology, and telecommunications. United Communications Group also operates GasBuddy which is an application that assists motorist in finding low gas prices in local areas.

As stated above, Bruce did co-own to Hawks, which means he was a part of a group that formally owned the basketball team. This group did include Levenson’s partner form United Communications Group, Ed Peskowitz. As well as owning the NBA team, the group also collectively owned the Phillips Arena, the stadium that the Hawks’ play at. The group purchased the team and the stadium in 2004, and the purchase also originally included the Atlanta Thrashers. The Thrashers are the NHL team based out of Atlanta, and they also play in the Phillips Arena. Bruce and his group ended up selling the hockey team in 2011.

In 2014, Bruce sold his shares of the Atlanta Hawks for seven-hundred and thirty million dollars. He was originally estimated to get one-billion dollars for the NBA team, but the bankers overestimated the team’s worth by twenty-seven percent. The winning bid for the NBA team was a group of investors led by Ares Management LP’s billionaire co-founder Tony Ressler.

As well as being a business man, Bruce Levenson is an active philanthropist. He participates in various philanthropist groups such as Hoop Dreams Foundation and Community Foundation of Washington, D.C. Mr. Levenson also used to be the president of the Washington chapter of I Have a Dream Foundation, which is an organization dedicated to helping young, low-income individuals seek a higher education. Bruce also is one of the major donators of the U.S. Holocaust Museum, and he funds the Museum’s Bringing the Lessons Home program, which is a program set up to teach inner-city students the lessons of the Holocaust. This program will also train inner-city students how to be tour guides within the museum. The reason for his overwhelming support of the Holocaust Museum is because his mother-in-law is a Holocaust survivor.

Bruce Levenson also does philanthropy work outside of the Holocaust Museum. For example, Bruce and his wife, Karen, were the two major contributors to the University of Maryland’s Center for Philanthropy and Nonprofit Leadership program. This program educates students on how to run a proper nonprofit organization,and engages the students in philanthropy education and activities.

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