Highland Capital Management’s President, James Dondero, announced in October 2016 that his company had awarded The Family Place a challenge grant worth $1 million. The grant would be used to help finance the organization’s Legacy Campaign effort. Highland Capital’s grant challenge was strategically awarded to help the non-profit organization raise the remaining $2.8 million required to reach its fundraiser goal of $16.5 million.
Dondero made the announcement during the 21st Annual Texas Trailblazer Awards luncheon organized by The Family Place and held in Dallas, Texas. According to James Dondero, the grant will be administered and overseen by Highland Dallas Foundation, the company’s philanthropic arm.
Administration of the Grant Challenge
Highland Capital will match the funds raised during the next six months by 50 percent up to the set $1 million mark. Since the announcement, The Family Place has raised $200,000 towards its Legacy Campaign. Thus, Highland Capital will match the amount with a $100,000 grant. The Highland Capital Challenge series is set to ensure that the Legacy Campaign reaches its goal.
The Family Place started the legacy campaign to support the construction of a new counseling center in Central Dallas for victims of family violence. The building will be named after Ann Moody and will serve at least 2,000 victims annually while providing emergency shelter space. The Ann Moody Center will also house The Family Place’s Be Project.
James Dondero co-founded Highland Capital Management back in 1993 together with his longtime business partner Mark Okada. Today, he is the company’s President. James Dondero has an impressive three decades experience in the financial industry with a keen interest in equity and credit markets.
During his long career, he has mainly focused on distressed but high-yield investments. In fact, his company, Highland Capital Management is one of the pioneers of the famous Collateralized Loan Obligation market.
According to PR Newswire, James Dondero is also involved in several other company boards including MGM Studios and American Banknote. He chairs the boards of top companies like Cornerstone Healthcare and NexBank.
Dondero is also an active philanthropic who supports several courses that are close to his heart including veteran’s affairs and education. He studied finance and accounting and holds degrees in both fields.