Bruce Levenson: The Sporting Investor

A little over 10 years ago, the original organization of the Atlanta Hawks, LLC basketball team came out of the sale of the team by Ted Turner to a group of business men. Bruce Levenson lead that group and became the majority stockholder of the group, which together owned both the team and their home venue: Phillips Arena. Somehow the Atlanta Thrashers hockey team also figured into the mix and the group kept their cold storage sport, until they sold the team in 2011. Mr. Levenson was a member of the NBA Board of Governors as well as working to help manage the Hawks.

Bruce Levenson is a savvy and quite accomplished businessman. He helped found TechTarget, advised private equity house BIA Digital Partners, got inducted into the Software and Information Industry Association’s Hall of Fame in 1997, and was on the Board of Directors of the Newsletter and Electronic Publishers Association (NEPA).

He has helped indigent students trying to achieve a better education through his Washington D.C. chapter of I Have A Dream Foundation. More recently his philanthropy has been seen active in several organizations, such as the Hoop Dreams Foundation and the Community Foundation of Washington, D.C.

He was raised in Chevy Chase, Maryland, as part of a Jewish family. He graduated from American University with a law degree. He attended college at night and by day he worked as a journalist for the Washington Star newspaper. In 1977 Bruce Levenson, along with with Ed Peskowitz, founded United Communications Group (UCG), which began with a single newsletter: Oil Express. This was an oil industry insider magazine. Over the years, UCG acquired other newsletters. And UCG created the Oil Price Information Service (OPIS), which is a private database. UCG has never gone public, and still operates in the areas of business analysis and news distribution with data for many sectors, including mortgage banking, energy production, healthcare, computer technology, telecoms, and many other industrial arenas. UCG produces the mobile application: GasBuddy.

So, he took it upon himself to help found the official U.S. Holocaust Museum and he fully funds the Bringing the Lessons Home program at the museum. The program teaches students from the inner city about the Holocaust, preparing any who are interested to become tour guides. Besides all this, Mr. Levenson also supports Birthright Israel, BBYO – for young Jewish-Americans, the Jewish Federation, and the Jewish Youth Philanthropy Institute.