On October 4, 2016, during the Family Place’s 21st Annual Texas Trailblazer Awards Gala, James Dondero made it known that his firm, Highland Capital Management (HCM) has donated a million dollars to Family Place. The donation was to facilitate the Foundation’s support to abuse victims as well as contributing towards its $2.8 million bid in its Legacy Campaign that was to be conducted for six months.
The funding was from the Highland Dallas Foundation, Inc., which is the philanthropic subsidiary for Highland Capital Management. Moreover, during James has aired that HCM will add an extra 50% of funds that Family Place will have garnered from that time until April 2017. Currently, since the announcement, The Family Place has managed to raise an extra $200,000 which HCM will match with a grant of $100,000.
Mr. Dondero further elucidates that HCM is committed to ensuring that The Family Place meet its campaign objectives. HCM was prompted to support this mission after a call to action by the Mayor of Dallas, Mike Rawlings as well as the Dallas Chief of Police, David Brown. James Dondero further expressed that he was happy that the Family Place had arranged the campaign in just a year. The Family Place’s CEO, Paige Flink also called out for other donors who were interested in offering lifesaving homes and life-changing services to the family abuse victims.
The money from the campaign was meant to construct and finance operations of Central Dallas Counselling Center. The facility was projected to aid over 2,000 victims annually by offering them a place to live. Additionally, the building will have counseling rooms for adults and kids, space for job training, 13 emergency shelter bedrooms, medical and dental clinic, animal shelter, and a central call center.
About James Dondero
James Dondero is a hedge fund manager with over three-decade experience in the financial industry with a specialization on high-yield and distressed investing. Presently, he doubles up as the Co-creator and President of Highland Capital Management. HCM is the leading providers of alternative credit managers and serves several stakeholders including companies, banks, governments, public pension plans and high-net-worth persons among so many others.
Additionally, Mr. Donderro chairs several Organizations including Cornerstone Healthcare, NexBank, and CCS Medical. He is also a board member of American Banknote and MGM Studios. James is a generous individual who partakes in several benevolent initiatives in public policy, education, and veteran’s concerns.