Highland Capital Management Focuses on Philanthropy
Highland Capital Management is the successful investing firm that has the financial wisdom and investing experience to find opportunities in special situations that many overlook or write off as too exotic. They specialize in credit strategies such as credit hedge funds and collateralized loan obligations (CLOs). They are also well versed in alternative investments like emerging markets and natural resources. Their wide range of clients includes such entities as pension funds, foundations, and corporations to name several.
James Dondero is one of the co-founders of Highland Capital Management and he is also the driving force behind their growing philanthropic activities. They recently hired a Dallas civic leader to help coordinate their growing list of community causes. Linda Owen is the former President of the Woodall Rodgers Park Foundation and she will be providing a strategic direction for the philanthropic efforts of Dondero and Highland Capital.
Her role can be defined as the firm’s Charitable Giving Manager and she will work in concert with The Dallas Foundation which administers Highland Capital’s charitable giving fund. Dondero has detailed that with the growing philanthropic efforts of Highland Capital this dedicated professional will help their contributions have the greatest impact on local communities. He also cites her successful history of building alliances with public and private entities to maximize the joint efforts at improving communities.
Highland Capital Management has initiated a relationship with a strategic partner for their philanthropic causes and they are The Dallas Foundation. As their scale of giving has ramped up, they determined that they needed a philanthropic partner to maximize the effects of their giving which has grown to $3 million annually.
Dondero highlighted the Dallas Foundation’s strong network in North Texas and their success in the nonprofit community. Mary Jalonick is the President and CEO of the Dallas Foundation and along with herself employs a team of philanthropic and donor service experts. The Highland Dallas Foundation is the unique arm of the Dallas Foundation and Highland Capital’s collaboration.
An example of the types of projects that Highland Capital supports is a group called Education is Freedom and they help at-risk youth attend college by providing financial assistance.