In October 2016, Highland Capital Management’s co-founder and President James Dondero, announced that his company had contributed $1 million to boost the financial needs of The Family Place. This is a leading organization based in Dallas, TX, which helps victims of domestic violence. The organization was targeting to raise close to $3 million for its Legacy Campaign. Mr. Dondero made this announcement at The Family Place’s event held at Hilton Anatole in Dallas, TX. The grant by HCM was to be channeled through its philanthropic affiliate, Highland Dallas Foundation, Inc.
Why Highland Capital Management Awarded the Grant
According to Mr. James Dondero, the company decided to assist The Family Place raise the fund after authorities in Dallas including the Mayor and Police Chief requested the community to assist in solving violence issues in the area. He further added that civic organizations in Dallas played critical role, and in particular The Family Place through various philanthropic supports. The organization planned this campaign from initial to final stages in only one year. The CEO of The Family Place Paige Flink, said this was an opportunity for anyone in the region willing to offer life-changing support to victims of domestic violence.
About James Dondero
James Dondero is a prominent business executive and entrepreneur based in Dallas, Texas. He co-founded Highland Capital Management in 1993, and has more than three decades of experience in the equity and credit markets, where he has been focusing largely on distressed and high-yield investments. Highland Capital Management was the pioneer in the formation of Collateralized Loan Obligation (CLOs), and also credit oriented solutions for both individual and institutional investors.
James Dondero also serves as the Chairman of CCS Health, Conerstone Healthcare and Nexbank. The executive is also a board member of MGM Studios and American Banknote. Before co-founding HCM, Dondero was CIO at Protective Life, a GIC subsidiary, helping the company grow to over $2 billion in asset under management from 1989-1993. Dondero studied at the University of Virginia majoring in Finance and Accounting. In addition, he is a Certified Management Accountant (CMA) and is allowed to use CFA (Chartered Financial Analyst) designation.