Recently, President of Highland Capital Management, LP, James Dondero, announced that his firm has awarded The Family Place a $1 million challenge grant.
The Family Place has launched its Legacy Campaign, which this challenge grant helps to assist. The goal of the grant is to help the organization raise its final $2.8 million for the campaign. James Dondero made the announcement of this grant during the Annual Texas Trailblazer Awards in October.
The challenge grant will be given through the Highland Dallas Foundation, which is the philanthropic subsidiary of Highland Capital Management. The company will match 50 percent of any of all funds raised for the organization, up to $1 million. Already, The Family Place has raised an additional $200,000 towards their campaign, which will be matched by $100,000, according to the challenge grant. The Legacy Campaign needs another $2.8 million to reach their fundraising goal. Highland’s challenge grant will help ensure that this organization receives the money it needs.
Highland Capital Management is proud to invest in this organization that provides considerable services and efforts in the Dallas area. The Family Place provides lifesaving shelter and services to family violence victims.
The Family Place Legacy’s campaign will help support the construction of a new Counseling Center for family violence victims. The shelter will include a medical and dental clinic, a hotline/call center, 13 emergency shelter bedrooms, counseling rooms, and spaces for job-training. The building will be able to help over 2,000 people and provide critical emergency space. It will also give a space to Be Project, a prevention education aimed at students and teens. The facility will also have an animal shelter for families who are hesitant to leave violent situations for fear of leaving family pets behind.
Highland Capital Management, who awarded The Family Place with this challenge grant, is a Dallas-based company that has an estimated $16 billion in assets. It was founded in 1993 by James Dondero and Mark Okada. James Dondero has over 30 years of experience in the industry.
James Dondero is also the Chairman of the Board of NexPoint, NexBank, CCS Medical, and Cornerstone Healthcare. He is on the board of MGM Studios and American Banknote. He supports many philanthropic endeavors such as Education is Freedom, Uplift Education, and George W. Bush Presidential Library and Institute.