James Dondero is the force behind Highland Capital Management. The firm is an asset management company. They are situated in Dallas. Linda Owen is the immediate former president of Woodall Roger foundation. As a civic leader, she has learnt the value of philanthropy. It is with these insights that she has offered to lead the firm’s philanthropic arm.
Asset management companies act as the custodians of the wealth of the rich. You have to be rich just to qualify to join. The fees to keep your estate profitable are high enough to keep gamblers. For wealthy families, these institutions are a necessity. As a result, asset management companies sit on considerable amounts of cash. The amounts are so high. Most opt to move the money into philanthropy.
The world is faced with a host of problems governments cannot solve. Philanthropy is the only way since there is little or no interference. Mrs. Owen steps in the helm of one such organization. She will serve as the giving manager. They will work hand in hand with the Dallas Foundation.
The founder, James Dondero said they needed Mrs. Owen for the role because she had a proven track record. The civic leader has dotted Dallas with one effective partnership after another. She is a true philanthropist at heart. To add on to her credentials, she shares the vision of seeing a change in the community.
The Highland company gives away most of its money through the Dallas Foundation. They focus most of their money on societies pain points. These are health, veteran’s causes and education. The asset management firm donations have been of great service. Other beneficiaries are Perot Museum of Nature and Science, the George W. Bush Presidential Library, and Museum.
The Highland Management Company is committed to philanthropy. The giving spirit has seeped into the employees. The company culture is one which puts service to the community first. The environment encourages creativity. Mrs. Owen sees her new role as a way to change society through giving.
Highland Management is registered with the SEC as an investment adviser. 17 billion dollars of assets are under their care. The company boasts one of the most experienced teams of credit manager in America. They specialize in the upper echelon of credit facilities. These are hedge funds, collateral debt obligation, and natural resources. Their target market is companies in distress, pension funds, corporations, and foundations.