James Dondero is a Dallas-based investment advisor who has been engaged in local philanthropic activities. Recently, he embarked on a search for a partner to assist manage their growing annual philanthropic budget. From the rigorous process, Mary Jalonick emerged as the ideal partner.
She is the CEO and President of the Dallas Foundation. While announcing the partnership, James said that The Dallas Foundation had a rich culture of excellence in the non-profit community in North Texas.
After a keen evaluation of a charitable giving strategy, Jim and Mary came up with a bold and effective plan. They established the Highland Dallas Foundation Inc. to manage more than $3 million philanthropic budget.
Recently, the new partners hired the former President and CEO of the Woodall Rodgers Park Foundation, Linda Owen. She will be mandated with the duty of acting as the go-between for Highland Dallas Foundation Inc. and potential non-profit partners in Dallas to execute the organization’s vision.
Mary Jalonick pointed out that Jim’s extensive experience in philanthropic giving enabled him to employ multi-year grants. She added that such types of grants are rare in the faculty of philanthropy, yet very significant in non-profit organizations because they provide a sustainable long-term funding. This information was originally mentioned on Dallas Foundation’s website.
About James “Jim” Dondero
James Dandero is the co-Founder and President of the Highland Capital Management (HCM). He is highly experienced in the credits and equity markets. Jim zeroes in on distressed and high-yield investments. The Certified Management Accountant (CMA) has seen Highland Capital Management blaze a trail in the collateralized Loan Obligation (CLO) development.
Under his leadership, the organization has created credit-oriented solutions for both institutional and retail investors globally. James Dandero is the Chairman of Cornerstone Healthcare, Nexbank, CCS Medical. In addition, he serves as a member of board for MGM Studios and American Banknote.
Mr. Dondero is has been actively engaged in philanthropic activities. He focuses on veteran’s affairs, public policy and education. Before co-founding HCM, he served as the chief investment officer of GIC. Jim also worked as American Express’s Corporate Bond Analyst and a Portfolio manager. He attended the University of Virginia and the McIntyre School of Commerce. Jim’s career started in 1984 when he enrolled for the Morgan Guarantee training program.