Bruce Levenson, Businessman and Philanthropist

Bruce Levenson has many roles including businessman, NBA team owner and a philanthropist.

 

He’s probably best known as the co-owner of the Atlantic Hawk’s basketball team and the Phillips Arena. He also serves as the Hawk’s Governor on the NBA Board of Governors since 2004.
Mr. Levenson was born in Washington DC though he grew up in Chevy Chase, Maryland. He would attend the Washington University in St. Louis as an undergraduate. He went on to graduate from Law School at the American University. Still in law school, Mr. Levenson began a career in journalism working for the Washington Post.

 
In 1977, he helped co-founded the United Communications Group (UCG) with partner Edward Peskowitz. Mr. Levenson describes UCG as a portfolio of professional business companies. They started in Mr. Levenson’s apartment. The company was primarily a newsletter called Oil Express. The paper reported on new developments in the area of oil industries. In time, they acquired such newsletters and launched databases such as the Oil Price Information Service (OPIS). He is still involved with the company.

 
In 2004, he helped form the Atlanta Hawks LLC, with other businessmen, in order to purchase the Atlanta Hawks from Turner Broadcasting. He also bought rights to the Atlanta Thrashers. He sold both the team and rights to Philips Arena to a group from Manitoba in 2011.

 
Mr. Levenson and his wife Karen are also active in different philanthropic ventures. One of which is special to him due to family origins. Mr. Levenson is one of the founders of the US Holocaust Museum. He also donates to both the SEED Foundation and the SEEDS of Peace Foundation. Mr. Levenson has also served as president for the I Have A Dream Foundation, which helps lower-income students attend higher education. They are also responsible for the creation of the Center for Philanthropy and Nonprofit Leadership at the University of Maryland.

One thought on “Bruce Levenson, Businessman and Philanthropist”

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