James Dondero has officially announced that Highland Capital Management has donated $1 million to support The Family Place, a Dallas-based organization that assists victims of domestic violence, accumulate the closing $2.8 million within the next six months. This month, The Family Place hosted its 21st Annual Texas Trailblazer Awards Luncheon at the renowned Dallas, Texas-based Hilton Anatole. Additionally, the generous support from HCM was publicized during this conference.
HCM is intending to use its philanthropic arm, the Highland Dallas Foundation, Inc., to administer the grant by matching 50 percent of the money collected for the campaign. The Highland Dallas Foundation will raise the $1 million starting from October 2015 to April 4, 2017. Since the announcement was made on October 4, The Family Place has managed to raise an extra $200,000 plus $100,000 from Highland’s Grant in support of the Legacy Campaign.
The Family Place is aiming to raise $2.8 million to achieve the campaign fundraising target of $16.5 million. Thus, Highland’s challenge grant will make sure The Family Place meets its target. According to Dondero, the grant is a response to call to action by Dallas leaders such as Mike Rawlings, the Mayor, and David Brown, Police Chief, for the community to assist in solving this dangerous issue in Dallas.
Brief details on James Dondero
James Dondero co-founded Highland Capital Management (HCM) in 1993, and he is the current President and CEO. Armed with more than 30 years professional expertise in equity and credit markets committed entirely on distressed and high yield investing, Dondero is an astute hedge fund manager. He has led HCM in developing credit-oriented solutions and creating Collateralized Loan Obligation (CLO) for corporate and private investors worldwide. HCM’s unique product offering consists of CLOs, Private Equity Funds, REITs, hedge funds, CLOs, and separate accounts.
Dondero majored in Finance and Accountant. He holds professional certification such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and the prestigious Certified Management Accountant (CMA). He enrolled in the Morgan Guaranty Training Program in 1984 to sharpen his credit analysis skills. He was part of American Express serving as a Corporate Bond Analyst before ascending to the position of Portfolio Manager (1985-1989). Dondero expanded Protective Life from infancy to $2B (1989 and 1993). Originally posted on PRNewswire: http://www.prnewswire.com/news-releases/james-dondero-announces-1-million-challenge-grant-from-highland-capital-management-to-finish-the-family-places-165-million-capital-campaign-300341376.html