According to James Dondero, Highland’s Capital Management search for a partner to manage their $ 3 million philanthropic budget has ended. Its search led it to the President and CEO of the Dallas Foundation, Mary Jalonick. In a statement, James Dondero described the Dallas Foundation as an achiever in the nonprofit community and a firm that had deep roots in the North Texas community. After settling on her, Mr. Dondero and Mary had a sit down to look into strategies that would be both effective and bold to execute the philanthropic budget. Their discussions led to the birth of the Highland Dallas Foundation Inc.
For a long time, Dondero’s focus regarding charitable activities in the Dallas community has been on healthcare initiatives, education and veterans. His collaborating with the Dallas Foundation has allowed him to spread his philanthropic engagements to civic organizations. Some of the organizations that have since benefited are The Dallas Zoo, The Perot Museum and The Bush Presidential Library.
According to Mary Jalonick, employment of multiyear grants in nonprofits organizations is of utmost importance. This is because they act as a sustainable source of money for the organizations in the long-term. In her opinion, Mr. Dondero’s business acumen has helped him perfectly employ this strategy to his charitable activities.
In a bid to ensure that the Highland Dallas Foundation Inc. successfully betters the life of the people of North Texas, Jim Dondero and the Dallas Foundation hired Linda Owen. Jim believes that her guidance will allow the newly formed foundation achieve his vision of a better North Texas Community.
James Dondero currently lives in Dallas, Texas. He is a guru in the world of credit and equity markets boasting of over 30 years’ experience in the field. He backs up his expertise in the field with a rich education background having attained CMA and CFA certification and is a graduate of the University of Virginia.
Other than being the President and Co-Founder of Highland Capital Management, Mr. Dondero also serves as the chairman of Nexbank, Cornerstone Healthcare and CCS Medical He also serves on the board of MGM Studios and American Banknote. The journey to his current position in his career started as an analyst.
For more information on the same visit http://www.dallasfoundation.org/ForDonors/DonorStories/JamesDondero/tabid/449/Default.aspx