In October 2016, The Family Place received a grant of $1 million from Highland Capital Management, LP to support its charitable initiatives. The President of HCM James Dondero made the announcement during an annual event organized by The Family Place. Mr. Dondero said the grant would be channeled through its philanthropic affiliate Highland Dallas Foundation, Inc. The Family Place is a Dallas based organization that focuses on helping victims of family violence. The organization was targeting to raise $2.8 million to support its Legacy Campaign, and HCM had pledged to contribute half of the amount raised in this campaign.
According to the co-founder of Highland, they accepted to support The Family Place after local authorities in Dallas requested well wishers to assist in ending the family violence issue in Dallas. The Legacy Campaign was supposed to fund the construction of Counseling Center in Central Dallas to cater for the needs of victims of family violence.
Insights about James Dondero
James Dondero is a Dallas based entrepreneur and businessman who in 1993 co-founded Highland Capital Management. He has worked in the credit and equity markets for over 30 years and has been mainly focusing on distressed and high-yield investment. Highland pioneered the formation of CLOs and credit solutions for individual and institutional investors globally. Under the leadership of Dondero, HCM has emerged as a leader in private equity fund, REITs, ETFs, hedge funds, CLOs, mutual funds and separate accounts.Mr. Dondero has received several accolades and honors such as the Lipper Award, Morningstar’s 5-star and Morningstar’s Healthcare Fund.
Before co-founding Highland Capital Management, Dondero served as CIO at Protective Life, an affiliate of GIC, where he helped it to grow from inception to over $2 billion asset under management.From 1985 to 1989, James Dondero worked at American Express serving as a Corporate Bond Analyst. He kicked off his career at Morgan Guaranty as an analyst. He graduated with highest honors from the University of Virginia where he majored in Accounting and Finance. He is an active philanthropist where he has supported various charitable causes in education, public policy and veteran affairs.