James Dondero Supports ‘The Family Place’ through $1 Million Challenge Grant
James Dondero, the President and co-founder of Highland Capital Management, helped The Family Place, a Dallas-based voluntary organization assisting the victims of family violence, by offering $1 Million Challenge Grant. The announcement of the assistance came in October 2016, and the challenge was to raise an amount of $2.8 million within six months from the grant declaration. Dondero made the announcement during the Annual Texas Trailblazer Awards Luncheon by Family Place. The amount would be directed through the Highland Dallas Foundation, the philanthropic wing of the firm. Interestingly, the grant matches any amount with 50 percent contribution from Highland up to $1 million with a grant period end date of April 4, 2017.
Within three days of the announcement, The Family Place raised $200,000 for its campaign known as Legacy Campaign and received a corresponding $100,000 from Highland Capital. The total campaign funding goal of Legacy Campaign is $16.5 million with $2.8 million was not achieved until the announcement of the challenge grant. Per Dondero, the fund is addressing the call of action by the Police Chief of Dallas David Brown and Mayor of Dallas Mike Rawlings to solve various family violence issues and help the victims. With the campaign amount, The Family Place is supporting the construction of a new counseling center in Central Dallas for the victims of family violence. The counseling center has 13 emergency shelter bedrooms, a dental clinic, medical clinic, separate counseling rooms for children and women, dedicated place for job-training, and centralized call center for assistance.
Dondero has more than three decades of experience in equity and credit markets and has specialized expertise in distress and high-yield investing. He co-founded Highland Capital Management in 1993 to offer CLO and credit solutions for both retail investors and institutional investors around the world.
James Dondero is known for designing the customized and high-yielding financial products for its customers including hedge funds, CLOs, institutional separate accounts, mutual funds, private equity funds, ETFs, and REITs. Dondero worked with a number of organizations before founding Highland including American Express, Protective Life, and more. He completed his B.Com in Finance and Accounting from the University of Virginia. https://www.linkedin.com/in/jamesdonderohcm