Philanthropy is as old as the earliest business establishments. It is a practice that has endured for years as a necessity that cannot be overlooked. Affluent individuals and successful enterprises all over the world still consider it the best way of rewarding the society, dishing out millions of dollars to humane causes every year. However, Highland Capital Management’s dedication to philanthropy is outstanding. James Dondero, co-founder and President of the company is a blazing torch, ceaselessly shining light on many less fortunate people in a bid to improve their lives. They include war veterans and people who cannot afford good healthcare and quality education as well as the general community in Dallas.
Going Beyond Giving
A large number of philanthropists send their assistance from their office desks without considering the likelihood of improper use. While every donation is given with a well-meaning heart, not all of them end up serving their intended purpose. In addition, philanthropy is not confined to money donations.
Although he donates a yearly sum of more than $3 million to philanthropic causes, James Dondero, the President of Highland Capital Management ensures his company is always involved in the activities of all benefiting charitable organizations. In addition, the company’s employees sit on the boards of these organizations. Thus, they help solve any problems the organizations may encounter.
Partnership with Linda Owens
Since Highland Capital Management’s philanthropic commitments are forever on the increase, there has always been a need for an outsourced assistance on directions in the use of the donations. Thus Dondero struck a partnership deal with former Woodall Rodgers Park Foundation president and a civic leader in Dallas, Linda Owens. As the company’s manager in charitable work, her responsibilities include working with the Dallas Foundation to ensure smooth administration of the philanthropic program.
One of the largest companies offering investment advisory, Highland Capital Management, L.P. manages almost $17 billion worth of assets. Founded by James Dondero and Mark Okada in 1993, most of the company’s business is in credit strategies which include collateralized loan obligations, hedge funds, long-only funds and separate accounts as well as special situation and distressed private equity. The company also provides alternative investments options including natural resources, emerging markets, and short and long equities. Highland Capital Management is based in Dallas with offices in New York, Seoul, Sao Paolo and Singapore.