The number of domestic violence issues continues to increase in cities across the United States. Dallas is one of those cities. Since its inception in 1978, the Dallas-based organization, the Family Place, has helped more than 225,000 victims of domestic violence. The Family Place offers victims shelter and counseling. The organization recently launched a Legacy Campaign to raise $16.5 million to build a new Central Dallas counseling center. The new center will help 2,000 more victims each year by providing emergency shelter. The new center will also include medical and dental clinic as well as counseling rooms for children and adults. A Job training area will also be part of the new construction.
At the recent 21st Annual Texas Trailblazer Awards Luncheon, Dallas entrepreneur and CEO of Highland Capital Management, Jim Dondero, announced his firm would give a million-dollar grant award to the Family Place through Highland Capital’s Management’s philanthropic arm, the Dallas Foundation. The $1 million challenge grant will help the Family Place raise the remaining $2.8 million it needs to build the new facility.
James Dondero and Mark Okada founded Highland Capital Management in 1993. Highland Capital has more than $16 billion in assets under management. Dondero and Okada decided to establish a foundation using a percentage of the company’s profits. The nonprofit organizations that focus on the needs of the community benefit from the Dallas Foundation’s gifts. Jim Dondero believes his company should set an example for other for-profit corporations in the Dallas area. Dondero recently named Linda Owen the director of the Dallas Foundation in order to do that. Owen is a seasoned nonprofit executive. She is the former CEO of the Woodall Rodgers Park Foundation, and she played a major role in the development of the Dallas Klyde Warren Park.
According to PRNewswire.com, James Dondero has always been a big supporter of nonprofit enterprises. Dondero is an expert in the credit and equity markets, and he has a proven track record investing in emerging markets. Dondero’s 2014 investment in Argentina’s debt bonds was a brilliant move, according to other hedge fund investors that stayed away from that opportunity. Dondero invested more money in Argentina’s bonds in the first half of 2016.