After Bruce Levenson sold his majority stake in the NBA team, the Atlanta Hawks, in 2014 reports ESPN, the multi-millionaire businessman dived into supporting philanthropy and education. One of his major contributions in education was providing seeding funding at the University of Maryland for the Do Good Institute there.
The mission of the Do Good Institute is simple. It provides undergraduate studies at the University of Maryland to experience what it is like to run a charity or non-profit group firsthand and with a hands on approach. For example, in one of the classes at the Do Good Institute at the University of Maryland, each student is given $10,000 dollars to appropriate to a charity of his choice. The student must decide how that $10,000 is spent to help the charity and maximize the impact towards the charity’s goal.
Another goal of the Do Good Institute is to prepare future leaders for careers in philanthropy and running charitable organizations. More often than not, the people who run non-profits and charities lack the business, management and economics skills that people in business and entrepreneurship have. The Do Good Institute attempts to change that by teaching business and all the other skills required for a person to successfully lead a non-profit.
Bruce Levenson (brucelevenson.com) and his wife Karen have donated over $75 million dollars to the Do Good Institute initiative so far at the University of Maryland. Mr. Levenson went on to say that he has seen many people running charities often fall short in their management operations because they lacked the business skills required to steer their charities to success. The Do Good Institute is changing that by arming people with a passion to give back and run charities to be competitive enough and armed with the skills to successfully manage charities. Several alumni of the institute have already went on to create and run non-profits such as Ben Simon of the Food Recovery Network.