The Family Place is running a fundraising campaign, and they have a goal of raising sixteen and a half million dollars. The good news is that a special benefactor has stepped in and offered a one million dollar grant, which will help The Family Place finish their goal. This benefactor is James Dondero, the president of Highland Capital Management.
The Family Place helps support people who have been victims of family abuse. They had two million and eight hundred thousand dollars left to cover, and this one million grant will basically help them finish it off. The grant is given over through the Highland Dallas Foundation, which is the charitable foundation of Highland Capital Management. Basically, every time someone donates money, James will match it with his own donation. This money will be given over to The Family Place Legacy Campaign. This campaign will help support a new building that will house a counseling center for people who suffered abuse. It will be called Ann Moody Place, and it will have thirteen emergency shelter bedrooms, counseling rooms, dental and medical clinics, and much more. This building will serve over two thousand people a year.
James Dondero founded Highland Capital Management in 1993 together with his partner, Mark Okada. The company has over sixteen billion dollars in assets around the world. James Dondero studied at the University of Virginia, where he earned his B.S. in commerce.
Before founding Highland Capital Management, James worked at Protective Life’s GIC subsidiary, where he served as the chief investment officer. Between 1989 and 1993, he helped grow their business over two billion dollars. Before that, he worked for American Express, where he managed over one billion dollars in fixed income funds. He finished the financial training program at JP Morgan. James Dondero is also the Chairman for CSS Medical, Nexbank, and Cornerstone Healthcare Group. He is on the board of directors for Metro-Goldwyn-Mayer and American Banknote Corporation. He is certified as a managerial accountant. Highland Capital Management is located in Dallas, Texas, but has offices all over the world. To read more about the story, click here.