Highland Capital Management, L.P., an asset management firm based in Dallas, has moved to take its generous giving to charities to the next level. James Dondero, the co-founder and president, has chosen to partner with Linda Owen, a civic leader also based in Dallas, to direct the firm’s ever-expanding philanthropic activities. Owen once served at The Woodall Rodgers Park Foundation as the president. She has joined Highland as the charitable giving manager, and she will work in partnership with The Dallas Foundation. Currently. The foundation administers the firm’s charitable giving fund.
Confirming Owen’s appointment, Dondero said that Highland needed a dedicated professional to ensure that the firm makes great contributions. He spoke of how Owen has been successful in building public-private partnerships with the greatest impact. Her track record confirms that she shares Highland’s vision of bringing an immediate and tangible difference to Dallas community. On her part, Owen could not hide her delight in working with a firm dedicated to impacting the community.
Through The Dallas Foundation, Highland donates over $3 million to charities each year. Most of the contributions support education, veterans’ causes, healthcare and the Dallas community at large. Some of the beneficiary organizations include the Center for Brain Health, the George W. Bush Presidential Library and Museum, Uplift Education, the Perot Museum of Nature and Science, American Heart Association and Snowball Express. Dondero and several other Highland executives serve on boards of many of the organizations supported by the firm with the aim of providing leadership guidance.
James Dondero has worked in the credit and equity markets for more than 30 years mainly focusing on high-yield and distressed investing. He started as an analyst in the Morgan Guaranty training program. He also served as the Chief Investment Officer of Protective Life’s GIC subsidiary before joining American Express as the Portfolio Manager. He co-founded Highland Capital Management in 1993. He has helped make Highland become the leading asset management firm in the United States.
Dondero graduated with Beta Gamma Sigma and Beta Alpha Psi, the highest honors from the University of Virginia where he majored in Accounting and Finance.