The Dallas-based capital management firm headed by James Dondero made the decision citing the need for corporate organizations to be proactive in philanthropic activities. According to Dondero, they chose The Dallas Foundation because of its deep roots characterized by proven track record of philanthropic achievement in Northern Texas.
The partnership, which was subsequently confirmed by The Dallas Foundation, has the mandate of managing over $3 million charity budget on an annual basis. According to Dondero, the foundation is controlled by a team that that has the skills and qualifications necessary to manage the funds meant for the unfortunate in Dallas.
The partnership is just one of the many philanthropic activities that link Dondero and his firm to The Dallas Foundation. He was an active participant in a group of stakeholders that made sure The Dallas Foundation hired Linda Owen to be among its team leaders. Linda focuses on Highland Capital to ensure its philanthropic visions for the foundation materialize to improve the life of people in North Texas.
About James Dondero
Dondero is the CEO and co-founder of Highland Capital Management. His company is one of the largest investment advisers in Dallas. The company is composed of a team of experienced and skilled individuals who got everything it takes to offer alternative investment solutions to thousands of customers in Northern Texas. James Dondero’s vast experience spanning 30 years in credit and equity has made him a key figure in the company since its inception in 1993.
Before he joined Highland Capital Management, James worked as a Chief Investment Officer in Protective Life, a GIC subsidiary. He is remembered in Protective Life for his active role that saw the company grow its assets from zero to over $2 billion in just four years. Dondero’s compassion is known all over Dallas. He is a long-time advocate of philanthropic initiatives meant to improve education and healthcare services to the people of Dallas.