Bruce Levenson: A Man Who Knows How to Make Dreams Come True

Bruce Levenson, a successful builder of several businesses, entrepreneur and a journalist, is probably best known for co-founding United Communications Group (UCG) with Ed Peskowitz in 1977. UCG was started in Levenson’s apartment, with the two co-founders publishing the newsletter about the changes in the oil industry. After a while, the company spread its wings, and launched other newsletters. Today, it is a company offering guidance and information to customers in information and software, technology, healthcare, energy and other industries worldwide. GasBuddy, a mobile application that enables the users to compare the gas prices, is owned and operated by UCG.
Additionally, Levenson of prnewswire is a director of TechTarget, which is basically a meeting spot for technology buyers and technology providers around the world. Another product that might sound familiar, and that Levenson is connected to, is DOT, a new cooking technology. The thing that made him famous outside the business world is being the owner of Atlanta Hawks LLC. On the other hand, the thing Levenson is the most proud of is his philanthropic work. He even served as the president of the “I Have a Dream Foundation” in Washington.
Since the 1980s, Levenson and his wife Karen have been active in numerous philanthropic organizations, most of them dealing with education and disadvantaged youth, such as Community Foundation of Washington, D.C. and the Hoop Dreams Foundation. Additionally, Levenson and his wife are donors to the U.S. Holocaust Museum, and are also funding the Museum’s “Bringing the Lessons Home” program. The program is about teaching the students about the Holocaust and training them to become tour guides. The Levensons are also big supporters of Seeds of Peace and the SEED Foundation. Aside from this, this family supports numerous Jewish causes, including the Jewish Youth Philanthropy Institute, a Jewish-American youth movement, Birthright Israel and the Jewish Federation. Witnessing some well-intended efforts coming to an end due to the bad management, Bruce and Karen conceived the Center for Philanthropy and Nonprofit Leadership at the University of Maryland. They also provided funding for this Center, which educates the students to become non-profit leaders.
In 2004, Levenson fulfilled his long dream and became the proud owner of Atlanta Hawks. Today, he is a member of the NBA Board of Governors, while also serving in the Board of Managers that operates the Hawks. The Hawks became the only team in the Eastern Conference to reach the NBA playoffs for seven consecutive seasons. During the last season, the Hawks had one of the best records in the NBA. In 2012, Danny Ferry, a former player and manager of the Cleveland Cavaliers, was named a new Hawks general manager and president of basketball operations.
In 2014, Levenson announced his decision to sell the team. The buyers have formed a group in order to stay anonymous until the sale is made final, and are led by Antony Ressler. Ressler’s group will buy the Hawks for $850 million.