The Family Place Will Receive a Challenge Grant worth $1 Million from Highland Capital Management

James Dondero has publicly declared that his company, Highland Capital Management (HCM), has donated a $1 million challenge endowment to aid The Family Place in closing its Legacy Campaign by raising the final $2.8 million within the coming six months.

Dondero announced the exciting news at the Texas-headquartered Hilton Anatole when The Family Palace was presenting its 21st Annual Texas Trailblazer Awards Luncheon. HCM will administer the grant through its philanthropic arm, Highland Dallas Foundation, which will donate 50 percent on any money committed to the campaign up to the $1 million mark.

The Family Place has amassed a record $200,000 since HCM made the announcement. HCM will match the amount with $100,000 in accordance with the challenge grant.

The Family Place

The organization stamps out family violence via proactive prevention and intervention, advocacy, all-inclusive community education, and help for victims and their families.

Since its establishment in 1978, the agency has counseled over 250,000 clients, offered lifesaving shelter to over 22,000 women, kids, and men, and responded to an excess of 550,000 calls for assistance.

James Dondero

The Dallas Links has it that James Dondero ventured into the equity and credit markets in 1984 as an analyst in Morgan Guaranty Training Program. After a one year training, Dondero became the corporate bond analyst and then portfolio manager of the esteemed American Express.

In 1989, he joined Protective Life as an investment officer and the company grew to more than $2 billion by 1993. Dondero collaborated with Entrepreneur Mark Okada in 1993 to create Highland Capital Management.

Philanthropic acts

James Dondero has donated millions of dollars to non-profits and charities based in the Dallas area. Dondero has collaborated with several Dallas-based institutions of higher learning to boost access to quality education to the residents of Dallas.

Highland Capital Management donated a record $2 million to Southern Methodist University (SMU) to offer undergraduate students with opportunities for studying abroad initiatives, productive senior-year internships, and firsthand experience to public policymaking.