James Dondero, Highland Capital Management’s current President, announced on late 2016 that the investment firm would assist with the completion of The Family Place’s funding campaign. This would be done in the form of a challenge grant valued at $1 million. Highland Capital would contribute to the campaign by matching up any funds committed to it. The announcement motivated the collection of an extra $200,000 that was complemented by Highland Capital’s $100,000 contribution.
The Family Place is one of the leader providers of support for victims of family violence in Dallas. The funding campaign, known as the Legacy Campaign, was established to raise $16.5 million for the construction of the Ann Moody Place. When Highland Capital joined the campaign, the deficit was $2.8 million, but the challenge grant ensures that the Legacy Campaign will end on a high note.
James Dondero forwards that the grant was necessitated by a call to action for community members by top officials in Dallas. These include Mike Rawlings, the Mayor of Dallas, and David Brown, the Police Chief. He also ascertains that Highland Capital’s commitment to the campaign was motivated by the diligence of The Family Place to create a safe space for victims of family violence.
Paige Flink, CEO of The Family Place, says that the new facility would cater to over 2000 victims every year. The Ann Moody Place will house the organization’s bullying and teen violence education program known as Be Project. The new shelter will also have a dental and medical clinic, counseling rooms, an animal shelter, centralized call center, as well as a multipurpose space for training.
About James Dondero
He is a financial expert with more than three decades of experience in alternative credit, distressed investing, and equity markets. He holds esteemed credentials such as CMA and CFA, giving more weight to his expertise. James Dondero is a graduate, holding a dual major degree in Finance and Accounting, from the McIntire School of Commerce at the University of Virginia.
He has vast work experience in the financial sector, operating as an analyst and top executive in entities such as Protective Life, American Express, and Morgan Guaranty.
James Dondero is an active philanthropist, dispensing support through Highland Capital, and as a member of the boards of MGM Studios, Cornerstone Healthcare, Jernigan Capital, and Nex-Point Residential Trust.