In 2014, reports Forbes, Bruce Levenson, an influential businessman decided to sell the Hawks Basketball team. After successfully selling the team, Bruce ventured into the nonprofit making industry. Reports indicate that he has been seed funding the Do Good Institute at the prestigious University of Maryland.
The Do Good Institute is an initiative that is unprecedented by the higher education world. The institute was established with the primary aim of reaching students who were at the undergraduate level at the popular University of Maryland. After identifying the students, the organization would then expose them to the volunteering and nonprofit making world. The main idea here is to create a wave of nonprofit business leaders and transform them into people who are competitive just like their counterparts in the profitable private industry. Since it was established, the program has seen a tremendous change.
In an exclusive interview with Benzinga, Bruce Levenson says that over the last years, he had discovered that most of the amazing organization was led by extraordinary individuals just because they fell short of getting their mission. According to him, these people didn’t have the skills required by a professional so that they can be successful.
After this great discovery, Bruce and his wife went to the University of Maryland where they decided to implement it. The wealthy couple decided to seed the initiative by giving seventy-five million dollars. The University of Maryland is believed to have donated the additional twenty million dollars needed to make everything successful. The classes are known as philanthropy 101 and they equip the students with the knowledge they need in the nonprofit making world. The initiative was introduced in the year 2010, and it has done well at the University of Maryland. The school hopes that it will transform the society to make it a better place for everyone.