Highland Capital Management continues to put more effort into its philanthropic activities with its latest endeavor being a $1 million grant to The Family Place’s Legacy Campaign. James Dondero, president and co-founder of Highland Capital Management, made the announcement of Highland’s intention to help The Family Place raise the final $2.8 million through offering a $1 million grant during The Family Place’s 21st Annual Texas Trailblazer Awards Luncheon.
The grant will match 50 percent of funds raised towards the Legacy Campaign up to a limit of $1 million and will be managed by the Highland Dallas Foundation.
According to James Dondero, Highland offered the grant as a response to a challenge by Police Chief David Brown and Dallas Mayor Mike Rawlings for the community to come together and solve the issue of family violence in Dallas.
According to NexBank, James Dandero continued to add that he was impressed by how The Family Place had run the Legacy Campaign from inception to its current stage and that Highland Capital was proud to support the campaign alongside a thoughtful and generous community. Paige Flink, The Family Place’s CEO, felt that the Legacy Campaign offered a great opportunity to anyone who had wished to help family violence victims in the past and did not have an avenue to do so.
The money raised in the Legacy Campaign will be used to fund the construction of a new Central Dallas Counseling Center. The building will feature 13 emergency shelter bedrooms, a medical and dental clinic, multipurpose spaces for job training, multiple private and group counseling rooms for children and adults and a centralized hotline/call center.
About James Dondero
James Dondero boasts of over 30 years’ experience in the credit markets and currently is in charge of investment strategies for Highland Capital Management. With the help of his co-founder Mark Okada, he manages assets worth $21 billion. James most significant achievement in his career was his launching of the first non-bank Collateralized Loan Obligations.
James serves on several boards such as the American Banknote Corporation and MGM Studios. He is also the chairperson of the Board of Directors for CCS Medical and Cornerstone Healthcare. Dondero has a rich educational background having graduated from the University of Virginia.