James Dondero, the internationally renowned financial advisor and founder of Highland Capital Management, recently discussed the importance of philanthropic efforts on behalf of business professionals. The CEO was interviewed by Forbes Magazine to discuss the recent success of his company’s new product line. During the interview, James Dondero was asked to discuss his recent donation to several non-profit organizations in the Dallas, Texas area. The executive gave insight on his decision-making process as they apply to charitable donations. Dander also discussed they unique ways in which he hopes to affect change in the local community through the allocation of excess funds to local business and projects.
During his Forbes interview, James Dondero stated that he believed that businesses and corporations were the lifeblood of America. Dondero briefly discussed the many ways that business owners help the American economy before engaging in a slightly longer dialogue about the necessity of philanthropic efforts in local communities. James Dondero is known for choosing organizations that support educational and economic advancement opportunities. Dondero described his process for choosing the organizations that will receive his company’s funding by stating that he carefully reviews the public actions of the organizations before deciding to partner with them. By carefully vetting various local organizations and entities, Dondero is able to select programs that are beneficial to the community at large.
James Dondero believes that his contributions to local programs will ultimately create a positive ripple effect in the Dallas area. The businessman discussed this point at length and suggested that the effort to combat poor socio-economic standards in the American society can be substantially improved if more business owners chose to expand their philanthropic efforts. Dondero hopes that his contributions to organizations and programs that are committed to the systematic improvement of educational programs, assistance for the poor, and the expansion of arts programs for inner city communities will ultimately help to create a better life for thousands of American citizens. Dondero also stated that he has initiated a investment-based program which will focus on teaching other business leaders to budget any major philanthropic efforts without losing company finances in the process. More information regarding James Dondero’s efforts to serve the Dallas community can be found here.