James Dondero announced a $1 million grant challenge from his company, Highland Capital Management, towards The Family Place’s Legacy Campaign created to raise $16.5 million. The money raised will fund the construction of Ann Moody Place, a support center for family violence victims in Dallas, Texas.
The challenge grant from Highland Capital will boost The Family Place’s fundraiser efforts as the latter seeks to raise the remaining $2.8 million in its Legacy Campaign. Dondero made the announcement during a luncheon event organized by The Family Place in celebration of its 21st Annual Trailblazer Awards held at Hilton Anatole hotel in Dallas, Texas.
The challenge grant will be administered through the Highland Dallas Foundation, Inc., a charitable foundation of Highland Capital. The company will match any money raised towards the Legacy Campaign by 50 percent from October 4, 2016, to April 4, 2017. Already, $200,000 has been raised in support of the Legacy campaign; therefore, Highland Capital will donate $100,000 as per its challenge grant.
James Dondero said that Highland Capital was proud of the civic responsibility and the work done by the Family Place in helping the local Dallas community. The Ann Moody Center will shelter over 2,000 family violence victims every year upon its completion.
James “Jim” Dondero co-founded Highland Capital Management in 1993 together with Mark Okada, his business partner. He has accumulated an impressive 30 years in the financial industry working in credit markets with a particular focus on distressed investing, equity, and high-yield investments.
Dondero has been instrumental in heading and growing Highland Capital for the last 23 years. The company pioneered the market for Collateralized Loan Obligation (CLO) and developed successful credit-oriented solutions for both retail and institutional investors globally.
Dondero is highly philanthropic and supports causes like education, public policy, and veteran’s affairs. He sits on several company boards like MGM Studios, NexBank, American Banknote, CCS Medical, and Cornerstone Healthcare.