Dallas Mayor Mike Rawlings has aimed at fighting violence. He has strived to build a community that cares for the family as a whole. He raised a challenge to several philanthropic organizations in Dallas, Texas. James Dondero of Highland Capital Management group heard the challenge and donated a grant worth $1 million.
The grant should go towards the Family Place and its Legacy Campaign. The team aims at assisting the Dallas community to stop family violence. The Family Place has undertaken various efforts to educate the community, come up with preventive measures and provide intervention for domestic violence.
The Family Place is the largest foundation of its kind. The firm has been in operation since it was established in 1978. It has been able to help over 225,000 victims since it started operating. The plan of the organization is to provide a violence shelter for women and their children as from 2017.
The firm aims at getting the amount to build its Counseling Center. The amount should go towards enriching The Family Place with various resources. After the announcement, other organizations were able to raise $200,000. The Highland Dallas Foundation met the challenge by matching the amount with an additional $100,000.
James Dondero is popular for his philanthropic ventures. He said that the recently raised grant should answer the call of Mike Rawlings. The Dallas Mayor posed a challenge to James Dondero and his Highland Capital Management Group. Mr. Dondero serves as the current president and founder of HCM. The Highland Capital Management is one of the biggest collateralized loan obligation firms. He serves as the chairman of the board at HCM Acquisition Company. Dondero has amassed over 30 years experience in the credit markets.
According to PR Newswire, before establishing the Highland Management in 1993, James Dondero served in other financial firms. He is known to assist in building and growing Protective Life to $2 billion from 1989 to 1993. Mr. Dondero has an extensive portfolio manager experience. He has gained skills in emerging market debt, preferred stocks, common stocks and high-yield bonds. Between 1985 and 1989, he played a leading role in increasing $1 billion income funds for the America Express.