According to a PRNewswire dated October, 7, 2016, James Dondero, the Chief Operating Officer of Highland Capital Management publicized that the company had granted The Family Place, a Dallas-based humanitarian organization a $1 million donation to aid in raising $2.8 million deficit for its Legacy Campaign. Mr. Dondero announced at Hilton Anatole in Texas during The Family Place’s 21st Trailblazer Award held yearly.
James Dondero noted that the grant would be administered through Highland’s philanthropic division, Highlands Dallas Foundation. Highland’s grant would match 50% of any funds contributed towards the Legacy Campaign until April 2017. Since Dondero’s October 4th pronouncement, The Family Place has generated over $200,000 towards the campaign.
The generated amount will be harmonized with $100,000 raised as thanks to Dondero’s grant. With $2.8 million deficit to obtain The Family Place’s target of $16.5 million, Highland’s $1 million funding ensures the Legacy Campaign ends successfully. Furthermore, Dondero pointed out that Highland’s challenge grant answers David Brown’s and Mike Rawlings’, Dallas Police Chief and Mayor respectively call for help in solving diverse, complex problems facing the Dallas community.
According to James Dondero, Dallas’ civic community has played an integral role towards solving life-threatening issues in Dallas. He added that Highland Capital Management was impressed by The Family Place’s charitable efforts. Highland Capital Management takes pride in investing alongside the generous and considerate organizations in the Dallas community.
About James Dondero
James Dondero is the co-owner and CEO of Highland Capital Management (HCM). He began his career as a financial analyst in the Morgan Guaranty in 1984. With over three decades of experience in capital markets, Dondero focuses on high-yield and distressed investments.
According to Inside Monkey, James Dandero founded Highland Capital in 1993 to develop Collateralize Loan Obligation (CLO) market and credit-oriented solutions for investors across the world. Over the years, Highland Capital has been a pioneer in the development of award-winning products such as CLOs, hedge funds, and mutual funds.
Before joining Highland Capital Management, Mr. Dondero served as a chief investment officer responsible for creating subsidiaries of Protective Life. Between 1985 and 1989, he served as Corporate Bond Analyst before his way up as a Portfolio Manager at American Express.