James Dondero is the co-founder and president of one of the biggest alternative investment managers, Highland Capital Management. It is one of the most experienced alternative investment firms in the world. Jim applies the same management approach when it comes to charitable giving. He proudly invests much of his donations locally.
Jim noted that they were searching for a partner to facilitate their yearly philanthropic budget that had increased to over $3 million. It led to Mary Jalonick and her team of philanthropic service professionals. Jalonick is the president and CEO of The Dallas Foundation. Jim said that they chose The Dallas Foundation because it was well established in the North Dallas Community with numerous accomplishments in the non-profit community.
Mary and Jim assessed strategies for a contributions framework, which would be bold, effective, and aspirational. Eventually, Highland Dallas Foundation Inc was created. It serves as The Dallas Foundation’s supporting organization. Jim has supported several initiatives in the Dallas Community for a long time. That includes healthcare, veteran, and education initiatives. He has increased his philanthropic involvement to several civic organizations by partnering with The Dallas Foundation. That comprises of the Dallas Zoo, The Perot Museum, and The Bush Presidential Library.
Jalonick notes that Jim’s philanthropic strategy is to make use of multi-year grants as part of his contributions. Presently, such a strategy is rare. However, the grants are essential to non-profit organizations. They offer a long term source of funding, which is sustainable.
Recently, James and The Dallas Foundation worked together to bring on board Linda Owen, the former president & CEO of the Woodall Rodgers Park Foundation. She focuses on Highland Dallas Foundation Inc., under The Dallas Foundation. Under her role, she will be linking Jim’s vision with non-profit partners that enhance the quality of life in North Texas.
About James Dondero
James Dondero is a Dallas based businessman and president of Highland Capital Management. He has specialized on high yield and distressed investing for a larger part of his career. Jim is highly experienced in the credit and equity markets and has served in the industry for over 30 years. He co-founded the market leader in alternative investment in 1993.
Since creating the company, Jim has taken a leading role in the development of premier solutions and products for investors worldwide. That includes collateralized loan obligations along with credit oriented solutions. The successful product offerings he has developed comprises of mutual funds, institutional separate accounts, hedge funds, REITs, and ETFs. In addition, Jim is a chartered financial analyst. He is also a certified management accountant.