Co-founder and president of Highland Capital Management, James Dondero, announced that the firm gave $1 million grant in order to help The Family Place. The Family Place is a leading organization in Dallas that supports victims of family violence and the grant will help the organization to raise $2.8 million for its Legacy Campaign over the next six months.
The grant will help to match 50 percent of any funds that are raised up to 1 million until April 4,2017. So far, The Family Place has raised an additional $200,000 and will be matched with $100,000 by Highland’s grant.
According to Dondero, the grant is a solution to help solve the very real problem of violence issues in Dallas. The Family Place Legacy campaign is a very big supporter of the operations and construction of the new Dallas Counseling Center and is names in honor of Ann Moody. The Ann Moody Place will have 13 emergency shelter rooms, a dental and medical clinic, a hotline/call center, and even rooms for private and group counselling. It will also have much needed places for its job-training.
The new building will help over 2,000 victims every year, and will also house the Be Project, which helps bullied and abused teens. The Be Project will help over 6,000 students every year. The facility will even have a shelter for the animals of families and will have an on-site child development center. The center is very important to the community and will help to save countless lives.
James Dondero has over 30 u=years in the equity and credit markets and is now the co-founder and president of Highland Capital Management. His carreer began as an analyst in 1984 and he was Chief Investment Officer of Protective Life before founding Highland Capital Management.
Under his management, Highland Capital Management has grown to have about $154.9 billion in assets and has become affiliated with NewPoint Advisors, NexPoint Residential R=Trust, and Acis Capital Management. Highland Capital Management has received the Morningstar’s designation and has ranked in the top slot in Healthcare Long/Short Equity Fund.