James Dondero, the president and co-founder of Dallas based company Highland Capital Management, has announced his firm will award a $1 million challenge grant to benefit The Family Place. Dondero graduated from the University of Virginia with high honors and then from the McIntire School of Commerce with majors in both accounting and finance. He is a Certified Management Accountant with rights to the Chartered Financial Analyst designation. Dondero worked for the Morgan Guaranty training program, American Express, and Protective Life in the beginning of his career.
In 1993 Dondero co-founded Highland Capital Management, a company that pioneers developing credit oriented solutions for both retail investors and institutions as well as developing the Collateralized Loan Obligation market where they focus on high-yield and distressed investing. Dondero has over 30 years of experience in equity and credit markets. He is also the Chairman of Cornerstone Healthcare, Nexbank and CCS Medical as well as serving on the board for MGM Studios and American Banknote.
Dondero and Highland Capital Management are both very active in their local community, and when The Family Place, a local organization that supports victims of family violence, announced they needed to raise the last $2.8 million to meet the goals of their Legacy Campaign, Dondero saw an opening to help.
The Family Place Legacy Campaign will support the construction and operations for a new counseling center located in Central Dallas. The center will provide 13 emergency shelter bedrooms, both a dental and medical clinic, a hotline/call center, areas for both private and group counseling, and a space for job-training. It is expected that the shelter will serve over 2,000 victims each year which will provide some much needed relief to the already existing Family Place center which operates at full capacity all the time.
Dondero offered the challenge in a response to a call to action from Dallas Mayor Mike Rawlings and Dallas Police Chief David Brown who request help from the community to help The Family Place meet their fiscal goal. Dondero offered for his company, Highland Capital Management, to match 50% of any funds raised for the Legacy Campaign up to $1 million between now and the deadline on April 4, 2017. The Family Place has already raised roughly $200,000 and Highland Capital will match that with an additional $100,000. The end goal is the final $2.8 million needed to complete the total bill of $16.5 million.