The Family Place Legacy Campaign Receives A Boost Of $1 Million Challenge Grant From Highland Capital Management
Highland Capital Management has once more showed the stuff they are made of by assisting The Family Place’s Legacy Campaign with a $1 million challenge grant. This assistance is coming at a time when there is an urgent need for some $2.8 million to meet the targeted $16.5 million earmarked for the legacy campaign. The Family Place put together this campaign in order to give succor to thousands of people suffering from family violence. The organization is based in Dallas.
James Dondero, President and Co-founder of Highland Capital Management, made public the news of the grant at The Family Place’s 21st Annual Texas Trailblazer Awards Luncheon. Among the people he showered encomiums upon were David Brown and Mike Rawlings. The former is the Dallas Police Chief while the later is the current Dallas Mayor. Both were instrumental in rallying members of the community in support of the campaign. Lastly, he doffs his hat to The Family Place for the idea, time and resources put into actualizing this legacy campaign.
Since the Highland’s grant, the response from the Dallas community has been impressive. The Family Place recently announced a further $200,000 donation attracting another $100,000 base on the Highland’s grant.
The money realized through the campaign will be channeled into the construction of an international standard Central Dallas Counseling Centre named after Ann Moody. The structure will be exclusive to providing adequate care for family violence victims. Among other facilities in the building are 13 emergency shelter bedrooms, a dental and medical clinic, spaces for job-training, and a centralized hotline/call center among others.
HIGHLAND CAPITAL MANAGEMENT
Highland Capital Management was founded by Jim Dondero and Mark Okada in 1993. The company is one of the SEC-registered investment adviser and a front-liner among alternative credit managers. Highland boasts of assets-worth in the region of $16 billion under management. The company’s clients’ base cut across foundations, corporations, governments, endowments, public pension plans, and high net-worth individuals.
Also, Highland is one of the few companies with a genuine heart for the downtrodden and underprivileged, so it is no surprise the company chose to arise for the assistance of victims of family violence. In fact, there is an arm of the company created for this purpose – Highland Dallas Foundation. The headquarters of the company is in Dallas although it also has offices in Singapore, New York, Sao Paolo and Seoul.