James Dondero, the managing director of Highland Capital Management, declared on October 4, 2016, that the company had started a $1 million challenge grant in support of The Family Place, a celebrated Dallas-located organization that helps family violence victims.
The organization plans to raise $2.8 million by mid-2017 to finalize its Legacy Campaign. Dondero announced the grant during the Awards Luncheon held by The Family Violence.
An overview of the grant
Highland Dallas Foundation, a charitable section of Highland Capital Management, will manage the grant. The Family Place will get an additional 50 percent of funds it manages to generate for its campaign. Highland plans to close the challenge grant on April 4, 2017, after reaching its $1 million target.
Since James Dondero made the announcement on October 4, The Family Place has generated $200,000 and received $100,000 as a match up as per Highland’s promise. The objective of Highland is to make sure that The Family Place will hit its fundraising target of 16.5 million and finalizes the campaign strongly.
Mr. Dondero has showered The Family Place with compliments for the progress it had made in addressing the issue of family violence. He stated that the organization responded promptly to call to action from various leaders in Dallas. He encouraged other civic organizations and philanthropists to join The Family Place in resolving the problem of family violence in Dallas region.
According to NexBank, James Dondero, popularly known to many as Jim, is the CEO and Board Chairman of Highland Acquisition Corporation. He has worked at Highland Acquisition Corporation as president and secretary since April 25, 2016.
He also manages the NexPoint Hospitality Trust and chairs its Board of Directors. Since 1993, Mr. Dondero has been the senior managing partner and CEO of Highland Capital Management. He directs the development of Highland’s strategic investment initiatives and their implementation.
Dondero is responsible for all operational initiatives at Highland Capital Management. From September 2012 to date, he has acted as portfolio manager of the prominent NexPoint Credit Strategies. Mr. Dondero is a certified accountant, financial analyst, and managerial accountant. He pursued his higher education at the University of Virginia and graduated with a degree in Commerce with majors in Finance and Accounting.