$1 Million Challenge Grant from HCM Announced by James Dondero to Clear Family Place’s $16.5 Million Capital Campaign

James Dondero, the president and co-founder of Highland Capital Management made an announcement that its award of $1 million challenge grant to assist Family Place. Family Place is a leading organization in Dallas that offers support to victims of family violence.

The grant was to help the organization raise the remaining $2.8 million towards the Legacy Campaign in six months. This announcement came during a luncheon by Family Place for their 21st Annual Texas Trailblazer Awards, held at the Dallas-based Hilton Anatole.

The Grant

The grant will be administered through the Highland Dallas Foundation, Incorporated, Highland Capital Management’s philanthropic arm. The foundation will match 50% of the funds raised towards the capital campaign up to $1 million until April 4, 2017.

From the time Family Place made the announcement on October 4, it has managed to raise an extra $200,000 towards the Legacy Campaign and will be matched with $100,000 by Highland’s grant. The Highland challenge grant is meant to ensure the campaign finishes strongly.

Dondero’s Comments

Dondero explained that the grant was an answer to calls to action by Mike Rawlings (Dallas Mayor) and David Brown (Dallas Police Chief) to help the community deal with the life-threatening issue.

He noted that the Dallas-civic community always gets things done and HCM was impressed by the philanthropic support that enabled Family Place to get to where it was from inception of the concept. James Dandero expressed his pride of being among the community’s most thoughtful and generous. Read More

About James Dondero

James Dondero has over 30 years experience in the equity and credit markets. HCM was incepted in 1993 and has pioneered in developing Collaterized Loan Obligation (CLO) market and the development of credit-oriented solutions for retail and institutional investors globally.

Before HCM, Dondero was the chief investment officer and helped in creating Protective Life’s GIC subsidiary from its inception to about $2B (1989-1993). He was a corporate bond analyst (1985-1989) and Portfolio Manager at the American Express.

He started off his career as an analyst in 1984 (Morgan Guaranty training program). He is an alumni of University of Virginia (Accounting & Finance) and has certifications in CMA, CPA and CFA.

Learn more about James Dandero: http://thedallasjournal.org/the-career-achievements-of-james-dondero/

 

Leave a Reply