Philanthropic Highland Capital Management Firm Co-Founder James Dondero Offers $1 Million Grant to the Family Place

The Family Place’s capital campaign gained a new momentum after James Dondero announced that he will award the organization $1 million challenge grant. The grant is directed to see the organization raise its targeted $2.8 million Legacy Campaign within the coming six months. This notification was made during it’s the Texas Trailblazer Awards Luncheon that was held at the famous Hilton Anatole in Dallas, Texas.

 

Dondero explained that his firm, Highland Dallas Foundation Inc, will be tasked to administer the grant. With approximately $2.8 million that was needed to achieve the campaign fundraising objective of attaining $16.5 million, the grant is seen as a big boost.

 

The move by Dondero comes amid recent call-to-action messages by both Dallas mayor and the police chief requesting the community to help solve family violence, which is becoming a life-threatening issue in Dallas.

 

He expressed his gratitude for the efforts employed by the Family Place to source out for philanthropic support, maintaining that carrying out such a campaign in one year is very plausible. This campaign was started with the sole aim of enhancing the creation of a new counseling center in Dallas. Dallas Counseling Center is meant to cater for family violence victims. The counseling center will be named in honor of the late American Civil Rights activist, Ann Moody. The place is designed to incorporate a medical and dental clinic, 13 shelter bedrooms to handle emergencies, and a centralized hotline center. Dondero has continued to support the community through financial and moral support.

 

About James Dondero

Mr. Dondero has more than 30 years of experience in credit and equity markets. He graduated from the University of Virginia, and is the co-founder and president of the Highland Capital Management. He began his flourishing career as an analyst in the Morgan Guaranty Training Program in 1984. He later joined the American Express as a corporate bond analyst, and later became the portfolio manager.

 

Currently, Dondero is the chair of various organizations such as the CCS Medical, Nexbank and Cornerstone Healthcare. He was once a corporate bond analyst and a portfolio manager at the American Express. He later served as a board of member for other organizations such as the American Banknote.