Dondero Making Big Charitable Contribution in Dallas
James Dondero the co-founder and CEO Highland Capital Management has been looking for better and efficient ways of expanding the firm’s generous act to the less fortunate people in the society. James has been the CEO for long and with his liberal mindset has enabled the company to come up with ways of helping people in the society.
The company has partnered with Linda Owen for expanding this act. Linda has been running a number of charity companies thus he is well versed with what it needed when running nonprofit organizations. The company has been contributing more than 3 million dollars every year in a form of charity. By putting in place more efficient ways of helping the needy the company will be able to benefit people who need the cash. It will also promote transparency and accountability in the use of the cash. Apart from giving out the money the company’s employees has been contributing a lot regarding managing all process.
A good fraction of the workers have been spending their leisure time coming up with better ways of impacting the society positively with the cash. This is one of the ways of giving back to the community after making a good amount of profit every year. By doing this, the firm has been able to reduce the gap between the rich and the poor in the society.
James Dondero and co-founder Mark Okada started the business back in 1993. The company has been growing over the years. The company is currently owning assets worth $ 17 billion. The company has specialized in equities both long-term and short-term, collateralized loan. With the increase in some firms which need credit services, the company has been offering credit strategies like credit hedge funds. This has enabled the company to raise a reasonable amount of cash since the industry is quite profitable.
The company headquarters is located in Dallas Texas, with the increase in market base the company has been expanding to different parts of the world. The company has branches in New York, Singapore. With the availability of offices in the various countries, the entity has been able to build a good brand overseas. The company is still under the management of Jim Dondero till date.