The days of Bruce Levenson‘s NBA ownership may be over since the media business mogul sold the Atlanta Hawks in 2015, but he hasn’t finished collecting on payments he says he’s owed by AIG Insurance. The insurance company’s policy was supposed to have covered workplace torts and wrongful termination, and in the case of former General Manager Danny Ferry both Levenson’s and AHBE’s attorneys say he was in his rights to file a claim. The case could be dragging on for a while in Fulton County’s courthouse.
For now Bruce Levenson is now working on the University of Maryland’s Do Good Institute where he is mentoring young people and helping launch philanthropic activities. According to PR Newswire, the goal of Do Good Institute is to educate young people on how to get involved in philanthropy and how they can use business startup ideas in the same way with startup philanthropies. Already many on-campus initiatives have sprung up from this institute and students who complete their labs successfully are given funds that they can donate to charities of their choice. Levenson is optimistic about the impact this institute will have in the future.
Prior to becoming an NBA owner, Bruce Levenson worked in journalism and publishing. He holds degrees in journalism from Washington University and a J.D. from American University. Levenson and Ed Peskowitz started their company out of their own apartment and soon they had built a large publishing enterprise known as Unified Communications Group (UCG) that opened up offices in multiple countries. Levenson and Peskowitz became the Atlanta Hawks owners in 2004 when the NBA’s Board of Governors approved the sale of the franchise. Levenson’s Washington D.C. philanthropies including becoming the president of “I Have a Dream” Foundation, organizing Hoop Dreams and teaming with the Anti-Defamation League to bring the Concert Against Hate event to life in 2015.