President of Highland Capital Management Issues Charitable $1 Million Challenge Grant
James Dondero is the co-founder and President of the Dallas, Texas-based financial firm Highland Capital Management, Inc. In an effort to help the Dallas nonprofit The Family Place earn enough money to complete their new facility, he announced that his company has issued a $1 million challenge grant. This grant will match 50% of donations up to $1 million in support of this nonprofit’s six month Legacy Campaign. Dondero made the announcement during the 21st Annual Texas Trailblazer Awards Luncheon that was held at the Hilton Anatole.
So far, The Family Place has raised $200,000 towards their goal of the $2.8 million remaining for what they need to raise. Their new facility, which will be located in central Dallas and named after Ann Moody, is a new counseling center for family members that are escaping domestic violence. The center will include emergency shelters, medical and dental care, several counseling rooms, and spaces to help people receive job-training. It will also include an animal shelter for those who have pets that they don’t want to leave behind with an abusive person.
It’s expected this new facility will serve the emergency needs of over 2,000 victims of domestic abuse each year. The Family Place’s current facility has been filled to capacity for a number of years which has been limiting the number of people they can help.
James Dondero along with a business partner established Highland Capital Management in 1993. They are an alternative investment firm that has offices also in New York City and internationally. Highland Capital Management has been a highly successful firm under James Dondero’s management and now has over $16 billion in assets under management.
It was in the early 80’s when James Dondero began his career as an analyst. In 1985 he started working for American Express, first as a Corporate Bond Analyst and later as a Portfolio Manager. He started at Protective Life Insurance Company in 1989 where he was instrumental in founding their GIC subsidiary. His success at Protective Life led to their partnering with him and Mark Okada when they founded Highland Capital Management. more of him in linkedin.com