Highland Capital Management is an investment advisory firm based in Dallas, Texas. James Dondero is the co-founder and current president of the firm. He is recognized as an industry leader in alternative investment strategies and his approach to charitable giving is based on his experience and success in this field. While Highland Capital Management is a worldwide company, Jim concentrates his charitable giving activities to his local area.
The Dallas Foundation serves donors as well as non-profit organizations throughout north Texas and is the oldest community foundation in the state and has a proven track record of success in the non-profit community. The President and CEO Mary Jalonick, working with her team of philanthropic experts, was selected to help manage the over $3 million annual charitable giving budget of Highland Capital Management.
Working together, James Dondero and Mary Jalonick, started looking into different charitable giving strategies that would be bold, effective, and desireable. Ultimately they decided to form the Highland Dallas Foundation as a support organization to The Dallas Foundation.
Jim Dondero is well known in the Dallas area for his support of charitable organizations and has been a long-time supporter of the veterans organization, health care initiatives, and education. Over the years he has expanded his philanthropic engagement to include several civic organizations such as The Dallas Zoo, The Perot Museum, and The Bush Presidential Library.
Multi-year grants, while very rare, are extremely important to nonprofit organizations as they guarantee a source of funds over the long term. Mary Jalonick feels that James Dondero’s business experience and reputation fits well with his philanthropic strategy making it possible to secure additional long-term grants for nonprofit charitable organizations in the community.
Recently The Dallas Foundation made the decision to employ Linda Owen. She will focus her attention exclusively on the efforts of the Highland Dallas Foundation. Her expertise will help connect Jim Dondero’s vision with nonprofit organizations to improve the quality of life in North Texas.
Jim Dondero’s continuing efforts to help improve the lives of people living in North Texas are to be admired.