According to Crunchbase, James Dondero, Highland Capital Management’s co-founder and President announced that the firm had awarded The Family Place with a $1 million challenge grant. The Family Place supports victims of domestic violence across Dallas.
The grant will help the humanitarian organization raise the remaining $2.8 million towards its legacy campaign scheduled in the next six months. James Dondero made the announcement during a trailblazer award luncheon held at Hilton Anatole in Dallas.
The grant would be administered through Highland’s philanthropic arm, Highland Dallas Foundation. The grant will match up to $1 million of any funds raised towards the capital campaign until April 4, 2017. Since the beginning of the fundraiser, the humanitarian organization has already raised an additional $200,000 towards its capital campaign.
With a deficit of $2.8 million to reach the targeted $16.5 million for The Family Place’s capital campaign, Highland’s challenge grant ensures that the campaign finishes successfully. According to James Dondero, Highland’s grant answers a call to action by the Dallas community to alleviate life-threatening issues.
Being a member of the civic community in Dallas, The Family Place commits to making things happen. As such, Highlands felt impressed by The Family Place’s philanthropic approach to this concept from inception to the final stage. Therefore, Highlands takes pride in investing alongside humanitarian organization such as The Family Place. Learn more about James Dandero: http://thedallasjournal.org/the-career-achievements-of-james-dondero/
Paige Flink, the CEO of The Family Place says that this is an opportunity to extend their philanthropic efforts by providing lifesaving shelter and life-changing services to the victim of domestic conflicts.
The Family Place will use the generated funds for the construction of a counselling center for the domestic violence victims. The facility will be named in honor of its benefactor, Ann Moody. It will have a centralized call center, a counselling room for children and adults, 13 emergency shelter rooms, medical clinic, and multipurpose training centers.
About Highland Capital Management
Founded in 1993 by James Dondero and Mark Okada, Highlands Capital Management is a duly registered investment advisor, which together with its subsidiaries manages approximately $16 billion of assets. It is one of the nation’s largest and experienced provider of global-scale alternative credit services.