Highland Management Capital, L.P., cofounder and president, James Dondero, announced a $1 million challenge grant in the name of “The Family Place,” which is based out of Dallas, Texas. The Family Place is an organization geared toward helping victims of family related violence regain their financial and physical independence.
Mayor Mike Rawlings and Dallas Police Chief made a call to action to assist the company in raising funds. Many companies came to their aid, but none as strong as Capital Management Group.
The challenge grant, which was announced at the 21st Annual Texas Trailblazer Awards Luncheon. According to James Dondero, Highland Capital Management will match 50% of all donations raised in the Family Place campaign, up to a $1 million cap, until April of 2017.
CEO of the Family Place, Paige Fink, stated openly that the generous gift from Highland Capital Management is a “tremendous way to multiply the impact of their gift.” Especially since the fundraiser in place is aimed toward building an additional location for the shelter that will provide essential emergency shelter space, medical care, dental care, counseling and job-training.
It is estimated that the newly planned building will serve the emergency needs of more than 2,000 people every year. It will also provide much needed child care for people who are getting their lives back together, and may not be able to afford it. It difficult to locate a job and work full time when you cannot afford child care, so the many services that will be offered are vital to people regaining control of their lives after domestic violence.
Highland Capital Management, L.P.
Highland Capital Management is an SEC-investment adviser company with many affiliates. Together, they have over $16 billion dollars in assets under their management. The company was founded in 1993, and quickly became one of the largest alternative credit managers with a global reach. The firm is extremely diverse and offers an extremely large number of investment options to companies extending from public pension plans, all the way to corporations with an extremely high net worth.