Recently, James Dondero of Highland Capital Management announced that the company has awarded a challenge grant of $1 million to assist the Family Place. The organization supports victims of family violence in Dallas.
The grant, from Highland Capital Management, is meant to help the Dallas organization raise $ 2.8 million, which is the final part of its Legacy Campaign. This announcement was made in Dallas’ Hilton Anatole during The Family Places 21st Annual Texas Trailblazers Awards Luncheon.
According to The Dallas Journal, James’s company will match any money raised by 50 percent until April 2017. The grant will be administered through Highland’s philanthropic arm, Highland Dallas Foundation, Inc.
To date, the organization has already raised $200,000 for the Legacy Campaign. Highland will contribute $100,000 to match the funds raised by 50 percent. The total amount of money needed is $ 16.5 million. Highland’s grant will help The Family Place achieve the remaining amount of $2.8 million.
According to Dondero, Highland’s grant is an answer to a call to action made by Dallas Mayor, Mike Rawlings and Dallas Police Chief, David Brown. The two requested the community to contribute and help in finding a solution to family violence in Dallas. James Dondero said that communities achieve different objectives through action.
Additionally, he noted that Highland was impressed by the way The Family Place managed the Legacy Campaign in just one year. Dondero contended that they were happy to collaborate with thoughtful members of the community in such an important initiative.
The Family Place CEO, Paige Flink, asserted that the Legacy Campaign offered individuals with a chance to offer life-changing service to the victims of family violence. The organization supports the construction and operations of a Central Dallas Counseling Center named in honor of Ann Moody. It provides help to individuals who have been affected by family violence.
About James Dondero
James Dondero is an expert in credit markets. He has worked in the industry for over 30 years. Presently, he serves as the president of Highland Capital Management. He co-founded the company, which is one of the most successful financial investment companies, in 1993. Dondero has been a pioneer of many products and services that have had a big impact in the industry. Some of the products that he helped develop include the collateralized loan obligations.
As the head of the company, Dondero is responsible for the investment strategies and operations of the business. His leadership in different funds has won him several awards. Dondero is a Certified Financial Analyst. Moreover, he is a Certified Management Accountant. James is a graduate of the University of Virginia where he majored in Accounting and Finance.