James Dondero is the co-founder of the most experienced and the largest alternative investment managers, Highland Capital Management. In addition, he serves as the president of the firm that operates from Dallas. James Dondero’s hands-on management approach also applies to charitable giving. Despite of his company operating globally, he invests a large part of his giving locally.
James noted that their efforts to identify partners that would help them control their philanthropic budget led to Mary Jalonick as well as her team of professionals. Highland’s annual charitable giving budget had grown to over $3 million. Jalonick is the chief executive officer as well as the president of The Dallas Foundation.
James Dondero said that they picked The Dallas Foundation because of its achievements in the nonprofit area. It was also well rooted in the North Texas community. Jalonick alongside Jim evaluated policies for a charitable framework, which would be bold, aspirational, as well as effective. As a result, the Highland Dallas Foundation Inc was created to compliment The Dallas Foundation’s work.
In his philanthropic efforts, Jim has supported veteran, healthcare, and education initiatives in the Dallas community. He has expanded his charitable engagement to various civic organizations, which include The Bush Presidential Library, The Dallas Zoo, and The Perot Museum. Jim has accomplished that by partnering with The Dallas Foundation.
His business sharpness aligns with his philanthropic strategy. According to Jalonick, Jim employs multi-year grants in his philanthropy. They are crucial to nonprofit organizations due to their longevity as a sustainable source of funding.
Recently, Jim and The Dallas Foundation worked together in hiring Linda Owen, the Woodall Rodgers Foundation’s former CEO. She was also the foundation’s president. Serving in The Dallas Foundation, Owen focuses on Highland Dallas Foundation Inc. She works with nonprofit partners to achieve Jim’s vision of enhancing life in North Texas.
About James Dondero
James Dondero obtained the highest honors in accounting and finance when he graduated from the University of Virginia. Before creating Highland Capital Management, Jim worked in leading firms starting in 1984 to 1993. He held senior positions in GIC as well as American Express.
Dondero is a chartered financial analyst, certified public accountant, and a certified management accountant. His focus has been on high-yield in addition to distressed investing for the period he has worked in the credit and equity markets. James Dondero has been a pioneer with the collateralized loan obligation market. Presently, Jim is the president of Highland Capital Management.
Reference link http://www.dallasfoundation.org/ForDonors/DonorStories/JamesDondero/tabid/449/Default.aspx