The President and co-founder of Highland Capital Management, investment advisers, is James Dondero, This Dallas-based investment management company is among the largest alternative investment managers in Texas.
During a search for a competent and experienced partner to manage their more than $3 million philanthropic annual budget, they came across one Mary Jalonick. Ms. Jalonick was the President and CEO of the Dallas Foundation at that time.
The Dallas Foundation is immersed in North Texas, and they have a reputation to having achieved a good track record with the nonprofit community.
Mary and Jim put their heads together to evaluate different strategies to form a framework for charitable giving. They wanted this to be an effective and strong workable idea. Thus, the Highland Dallas Foundation was formed which is an organization to support the Dallas Foundation.
Next James Dondero worked with the Dallas Foundation to hire the former President and CEO, Linda Owen, of the Woodall Rodgers Park Foundation. Her focus now is the Highland Dallas Foundation, Inc., to work with their nonprofit partners to connect Jim’s visions to improve the quality of life in North Texas.
With Linda’s experience and relationships within the community, they will be able to make a great impact on the communities of North Texas.
Jim is a huge supporter of the Veterans in the Dallas communities. He gives his support to the Veteran health care programs and in the education that is available to the veterans.
Along with the Dallas Foundation, he has broadened his philanthropic works to include civic organizations which include the Bush Presidential Library, the Dallas Zoo, and the Perot Museum.
His business ethics go hand in hand with his philanthropic strategies. As a part of his bequests, he employs multi-year grants. In the Philanthropic community, this is a very rare occurrence. These multi-year grants are extremely important to nonprofit organizations because they provide them with a source of funding that is sustainable for the long term. Jim has a very proactive approach to charitable giving. His business platform is global but he invests most of his charitable giving to the local communities of Texas.
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SWball September 27, 2016
Posted In: Business