Family violence is at an all-time high in Dallas, Texas and the police have asked for help in solving this. James Dondero who is the co-founder and President of Highland Capital Management has recently announced that he will award a grant of 1 million dollars to help the Family Place. The Family place helps over $22,000 victims annually. The Family Place is currently the leading organization that supports victims of domestic violence.
The Family Place’s 21st annual Texas Trailblazer Awards Luncheon had had quite the excitement when it was announced that James Dondero would help to raise the final 2.8 million needed to complete the $16.5 million. The grant is administered through the Highland Dallas Foundation and will match up to 50 percent of all funds raised with a cap of 1 million dollars.Highland capital management is registered with the SEC and controls around $16 billion dollars of assets which are currently under the firm’s management. The company was founded in 2003 by the managing partners – Jim Dondero and Mark Okada. The firm Highland Capital Management LLC is one of the most well-funded, largest and experienced alternative credit managers in the global marketplace today.
A significant portion of the income produced by Highland is used in Philanthropic endeavors. Highland uses one of their subsidiary companies the Highland Dallas Foundation, Inc. to maintain their charitable work. Currently, the headquarters are located in Dallas, Texas. Highland also maintains offices in Sao, Paolo, Singapore, New York, Seoul, and Singapore.Dondero chose the Family Place to bless with a large sum of money because as he is quoted as saying “The civic community in Dallas gets things done,” Dondero said. “We at Highland Capital Management were impressed by the way The Family Place, through avid philanthropic support, took this concept from inception to the final stage of this campaign in just a year. We are proud to invest alongside many of the most generous and thoughtful in the community.”
Source of the article : http://www3.dmagazine.com/content/100-Most-Expensive-Homes-In-Dallas-2013/James-Dondero