Hedge fund manager James Dondero recently appointed Linda Owen to lead Highland Capital Management’s charity division. This is seen as a move by Dondero to create a lasting legacy through charity. Linda is one of the most famous civic leaders in Dallas. Being an influential leader and philanthropist with an extensive grassroots network, Linda has an understanding about community projects that need financial backing. At one point, she headed the Woodall Rodgers Park Foundation.
Building a Lasting Social Impact
James Dondero appointed Linda to the position because of her experience. He wanted the firm’s humanitarian division to be more tactful in its efforts. Over the past few years, Dondero has been supporting several charitable causes through HCM. The firm has also redefined its corporate social responsibility arm to ensure that its donations go a long way in building a lasting legacy. Linda’s appointment is therefore timely because she will spearhead Highland Capital’s humanitarian efforts. She will join forces with The Dallas Foundation to ensure that the donations are properly utilized.
Each year, Highland Capital Management bestows over 3 million dollars to support various organizations. The donations are given directly from the firm’s coffers, or through The Dallas Foundation. To date, it has benefitted the George W. Bush Presidential Library and Museum, Perot Museum of Nature, the Center for Brain Health and the Dallas Zoo, among other organizations. To ensure that the funds are properly utilized, Highland Capital provides guidance concerning proper administration of the funds.
The Dallas resident is the co-founder and Chief Executive Officer of Highland Capital Management. Dondero graduated from the University of Virginia’s McIntire School of Commerce. He is also an accredited accountant and financial analyst. Jim’s career started at GIC, a subsidiary of Protective Life. He helped the firm to record profits. It similarly grew its asset base to nearly two billion dollars.
Under Dondero’s headship, Highland Capital Management has made a name for itself by being a prominent member of the financial services fraternity.