Category Archives: Philanthropy

Highland Capital Management Founder To Retire From The Company

Highland Capital Management has been a major part of the alternative credit sector for 25 years and has continued its consistent growth regardless of the financial cycles affecting the U.S. and global economies.

The firm was responsible for designing the first software to electronically track loan portfolios, which is used by a majority of loan managers. They sold the software to JPMorgan Chase in 2003.

James Dondero and Mark Okada came together to form the investment management company in 1993 when they had already found success working with other financial institutions. Mark Okada recently revealed he is stepping down from his roles with Highland Capital Management as he looks to expand on his other interests in the future.

Over the last few years, the rumor mill has been going into overdrive with Mark Okada handing over many of his day-to-day duties at Highland Capital Management to other senior members of the brand. On September 30, 2019, Mark Okada released a statement explaining the how and why of his decision to retire from his work with Highland Capital Management.

In the past, Mark Okada maintained some executive roles at Highland Capital Management, including the leadership of credit research and structured product teams that have played an important role in the development of the financial brand. Go Here for more information.

Fellow founder, James Dondero was quick to heap praise on Mark Okada following the announcement of his decision to retire from the daily operations of the brand. Dondero explained the company has only benefitted from the work of Mark Okada in the alternate credit industry that has seen Okada develop his career as a leading financial analyst. Read This Article for related information

Despite the decision to retire from daily activities, Mark Okada is not completely leaving the management of Highland Capital and James Dondero praised this decision. Dondero explained he was looking forward to working with Dondero in the coming years as they explore new opportunities for finding success in the future. Mark Okada did not refer to his departure from the daily running of Highland Capital as retirement and stated he was looking forward to a new phase in his career.

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Mark Okada To Move On To Being An Adviser For Highland Capital ManagementArticle 

A new role is emerging for co-founder of Highland Capital Management Mark Okada. He is going to step down from the founder role and move into a senior adviser role temporarily. He is doing so because he is on his way out from the firm after putting in twenty-six years of his work and life into building it up.

Highland Capital got its start in 1993 when Mark Okada and James Dondero dared to believe that they could build something that would find alternative investments that others had overlooked. The two had a good amount of experience and knowledge of alternative credit markets, and they believed that this could transform the way that a firm might want to invest. They decided to put their money where their mouth was and built out Highland Capital Management.

The thing started out small but grew quickly as their returns attracted new investors. After more than a quarter of a century, Highland has become a powerhouse in the investment world. Mark Okada decided that he might as well hang it up while he was on top of the investing world. Find Additional Information Here.

Okada has been lining up this departure for a while now. He has been training associates on the responsibilities that he typically handled himself in the past. This should make for an easy transition as Okada steps away from the founder role. James Dondero will remain on at the head of the firm, and this should also provide some stability. See This Page for additional information.

Keep looking for Highland Capital Management to make investments that others aren’t even thinking of at the moment. Highland Capital is not afraid to take a risk if it means that they could land a big score at the end of the day. With that in mind, it is obvious that Highland remains strong and stable despite these personnel changes. Highland provides a number of industry leading benefits to promote employee success and wellbeing, and has been recognized by Pensions & Investments as one of the “Best Places to Work in Money Management”.

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Kisling Nestico & Redick Just Made A Big Difference For An Ohio School Program:

Parma Heights, Ohio’s Greenbriar Middle School recently received a huge boost to its KNR Cares About Kids effort. This effort is focused on providing assistance to children in need across the state of Ohio. This massive boost the Greenbriar’s program came from a $1200 donation that was provided by respected, full-service law firm Kisling Nestico & Redick.

This generous donation from Kisling Nestico & Redick went toward filling up sixty bags full of food items ranging from fresh fruit mac and cheese to bread and peanut butter. This food will go a long way toward helping to keep kids from difficult financial circumstances fed. The donation was made over spring break for the school. For some kids, this can be a tough time because they might not know where their next meal is coming from. 

Read More – Kisling Nestico & Redick Law Firm Donate Backpacks to Local Ohio Schools

Jill Schissler is the Principal at Greenbriar and she expressed a great deal of gratitude toward the team at Kisling Nestico & Redick for the generous donation. She also noted that the donation exceeded the amount that they expected to receive as a part of the program. A large percentage of the student body at Greenbriar are recipients of lunches on the free or price reduced programs and so during times when school is out, there is always the concern about how many of them are doing in terms of having food available. That is why donations from organizations like Kisling Nestico & Redick are so critically important. 

Kisling Nestico & Redick is a law firm that has attained a respected reputation in the state of Ohio. The firm is highly regarded in the area of personal injury where it is rated as one of Ohio’s top law firms. This status has been achieved due to the extensive knowledge as well as the commitment to service that the team at Kisling Nestico & Redick have.

The Kisling Nestico & Redick team are committed to helping clients to obtain the compensation that they rightfully deserve in their personal injury cases. The consistent success in this area has led to the development of a reputation of excellence with Kisling Nestico & Redick. 

How James Dondero Supports Dallas Area Nonprofits

James Dondero has made a name for himself in the financial industry as an expert when it comes to investing in collateralized loan obligations (CLO). He is the president of Highland Capital Management L.P., a company he co-founded in 1993. He began his career in the financial industry as an analyst and was a portfolio manager at American Express. He joined Protective Life as the chief investment officer and then left so he could establish his own company. Visit to know more about him.

CLOs are an alternative asset. These are a pool of corporate loans, typically ones that have a low credit rating from Moody’s. They are invested in because they have the potential of giving an investor a higher-than-average return. James Dondero buys this debt and then bundles it together with other debt in the funds he manages. His funds are bought by retail and institutional investors from around the world. Read more at Wikipedia about James Dondero.

His company is based in Dallas, Texas. James Dondero has become known as a philanthropist that has helped many causes in this city. He wants to help Dallas nonprofits do their work without needing to worry about where their next donation is coming from. He budgets to give $3 million away annually. He has also volunteered to serve on the board of a few different nonprofits.

Among the nonprofits he has supported are The Perot Museum of Nature and Science, the Dallas Zoo, Southern Methodist University’s Tower Scholars initiative, Education is Freedom, and The Family Place. James Dondero donates this money through the Highland Dallas Foundation, Inc.

In 2001, the Dallas Zoo had removed its hippo habitat after its oldest hippo passed away. Zoo management decided they wouldn’t put hippos on exhibit again until they could build them a new habitat. James Dondero donated $1 million which was used to build this new habitat.

The Simmons Hippo Outpost opened in 2018 thanks to his donation and others. The habitat includes the Highland Hippo Hut which is filled with information about hippos. This hut is nearly 5,000 square feet and is now used for private events and educational events.


Corporate Giving, From Stream

A large number of Americans experienced a major loss with the occurrence of the Hurricane Harvey flooding their residential homes, neighborhoods and the firms they worked in destroyed. Pets were lost to the 56-inch rain. Stream Energy, a firm based in Dallas, made use of its monetary earnings obtained through successful sale of energy business transactions, to help those affected by the Hurricane Harvey.

Corporate philanthropy is a portion of Stream’s DNA. Stream Energy is an energy-based company that performs its business operations through direct selling. Recently, Stream launched Stream Cares, a charity foundation that creates awareness on its formality in philanthropy around the state of Texas and across the country. This exercise has been a culture in the company for over twelve years.

Setting an example on behalf of Dallas based corporations, Stream Energy showed their balance between the brands philanthropic work and its charity to the Hurricane Harvey victims. Their support showed that their contribution to help those affected by the Hurricane Harvey was more than just monetary donations. A business firm coming up with a different philanthropic concept benefits a lot from the phenomenon. For instance, the firm gets an opportunity to give back to its community while still being respected and earning loyalty from the public as well as interested clients.

The act of corporate giving is characterized as profiled and publicized to a greater extent. It steps in as a buffer in the event of scandals, layoffs and a decrease in profits. From a statistical point of view, America as a corporation is widely generous. Nineteen billion worth donations were made in 2016 by businesses through several charities in America as well as outside nations. These donations are exclusive of sponsorship from corporations, employee donations in terms of effort, money and time, and cause marketing.

Stream Energy has its own business model which works in a simple way. Associates of Stream Energy are paid to create a network of clients who are loyal, and make a delivery of services and products through direct selling ranging from mobile device plans to energy at a fixed rate.

The New Management Advisory Council for FAA Meets with Dick Devos

Dick Devos is one of the most prominent businessmen in America. With his former status as President and CEO of Amway, he was able to transcend global marketplaces and rake in record-breaking sales for the company. His business acumen is legendary in other circles as well, and it’s one of the reasons that he was named to the Federal Aviation Administration’s new council in September 2017.


For many years, Devos has worked alongside the aviation industry. All of this started in the 1990s when he was trying to help his hometown rapidly grow into a predominant city in Michigan. The Devos family has always donated to the area, contributing over $134 million. Philanthropy has been their way of helping with cultural arts centers, medical facilities, education, and other community organizations.


However, Devos has always been a fan of aviation as well. In wanting to grow his home city, he looked for ways to strategize a new industry, a new way of bringing people to the city he loved so much. That started with the Devos Performance Hall and Devos Place Convention Center. Then, he looked to the Gerald R. Ford International Airport as a way to solidify that strategy. He talked to the CEO about expanding what the airport was doing, including new flights that would increase the likelihood of Grand Rapids becoming a place where business conferences were conducted.


He started by working with airlines like AirTran Airways. The CEO was a friend of Devos’ and he was able to help by opening up new destinations to some of the prime business conference cities, places such as St. Louis, Vegas, Orlando, and Denver. Once those terminals were opened, new ticket sales were up as well, and the growth became easy to see for the airport.


The airport had many changes that were still necessary to make it a business traveler’s airport, but those would not come until much later. In 2018, an estimated $45 million would be put into renovations that would include a business traveler’s center and food court upgrades, as well as new technology throughout the airport. It was these types of changes that would solidify Grand Rapids airport as a place where business travelers were welcome, and it would help set up the area as a business destination.


Strategies like this are what the FAA is looking for in order to grow and upgrade airports throughout the country. Their plan for the council was to help with policies and regulations that were receiving updates throughout 2018. This came after President Trump criticized the aviation industry in America, stating that it had fallen behind in other markets.


Now Devos will be working with the FAA for another year, meeting with the council every quarter to help decide on future budgets and regulations. His insight will come from his business acumen, but also from his education within the industry. He has co-founded a pilot training school in addition to being a pilot himself. It’s this passion that has made him such a good candidate for the civilian board.


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Top Charitable Organizations for Migrant Rights

There have always been charities that help with human, civil, and migrant rights progress, but recently, with the Trump administration targeting immigrants and the freedom of the press, these organizations are needed more now than ever. Read more: Jim Larkin | Twitter and Michael Lacey | Twitter

The Frontera Fund

The Frontera Fund is a somewhat new organization, dating back to 2013. In the 5 years that The Frontera Fund has been active, they have partnered with dozens of organizations in order to make a change in hundreds of immigrants lives.

Michael and Jim, the founders of The Frontera Fund, aren’t Hispanic, but they focus their organizations efforts on the grounds of common enemies.

Joe Arpaio treated Hispanics horribly during his time as Sheriff Of Maricopa County. Sheriff Joe also targeted Michael and Jim with illegal arrests and unjust subpoenas. This is why Michael Lacey and Jim Larkin are helping Hispanics.

The Frontera Fund works with charities such as the ACLU. The official Frontera Fund website also houses a variety of information an immigrant may find useful.

Make the Road New York

This organization is another charity that works in order to advance migrant rights. Make The Road New York specifically addresses the Trump administration in its mission statement, creating solutions to deal with Trump’s harsh policies towards immigration.

Make the Road New York is fighting for the rights of migrants with the organization of mobilization efforts. They also provide legal representation for immigrants and provide housing. Over 17,000 people benefit from the altruism of Make the Road New York every year.

Make the Road New York also has adult literacy programs, children’s education programs, and encourages leadership development by providing skill training and mentorships.

Mariposas Sin Fronteras

This organization’s goal is to assist detained LGBTQ immigrants in being released from these detainment facilities. The title of this organization translates to Butterflies without Borders. In the last six years, Mariposas Sin Fronteras has worked to release 27 detained immigrants from custody. Read more: Lacey and Larkin Frontera Fund and Michael Lacey | LinkedIn

The International Refugee Assistance Project

This charitable entity brings together a network of lawyers to provide pro-bono representation for refugees. The International Refugee Assistance Project is doing all they can to keep these refuges away from the dangers of their own country.

The International Refugee Assistance Project cites its values as accountability, innovation, and candor.

About Michael Lacey and Jim Larkin

Philanthropy is not the only noble venture of Michael Lacey and Jim Larkin. For years, at the Phoenix New Times, Michael Lacey and Jim Larkin worked to expose the brutal Sheriff of Maricopa County. In addition to owning The Frontera Fund, Michael Lacey and Jim Larkin currently own Front Page Confidential together.

The Immigrants Outcry

Jim Larkin and Michael Lacey are Arizona state university dropouts and long-term business partners. They came together during students protest against war; they started a campus magazine known as Phoenix New Times to counter-attack the way the media covered the protests. Read more: Michael Lacey | Twitter and Jim Larkin |

The company was started with Larkin being the Chief executive officer, and Lacey was the Executive Editor. The company was later sold to voice group back in 2013.

The announcement of Joe Arpaio pardon by President Donald Trump was a significant event to the Latinos especially Larkin and Lacey. While working with the New Times, they had cross paths with the long-serving sheriff, and they were not in good terms.

They, therefore, responded to this pardon announcement with hostility. The sheriff was known for his negative comments on the immigrants he once mentioned that Mexicans should be deported. Back in the day, the sheriff had the two arrested with no clear judgement.

The county had since compensated them with millions of dollars with which they started the Lacey and Larkin Frontera fund; they used the money to fund various organizations in the state of Arizona. The organizations were specifically those who fought racism and fought for the Latinos and Mexicans in America. Their arrest was however triggered by their past articles. Learn more about Michael Lacey and Jim Larkin: and

In the past, the magazine had published an investigative article on the sheriff’s property. There were claims that the sheriff owned more than he could afford the property was worth more than he could earn per year. The investigative report couldn’t go through because the sheriff issued threats to the newspaper’s reporters, they were also banned from the sheriff’s press briefing.

Before the sheriff had Larkin and Lacey arrested they were to publish an article condemning the evil acts that were happening in the jury. The article was titled Breathtaking Abuse of the Constitution. They were however arrested by the sheriff’s goons before the article was released to the public. The arrest, however, happened after a series of revelations from other articles published by the company. The sheriff was however arrested for being racist and unlawful arrests.

In the previous articles, the sheriff unlawful acts have been exposed. The sheriff had a concentration camp where prisoners were wrongfully convicted. Men were thoroughly beaten, sexually assaulted and mistreated.

There was a case of a dead woman due to negligence many deaths were reported from the camp which was publicly known as the Tent City. The sheriff also used his powers wrongfully by using it as a chance to punish his political rivals and those who were criticizing his authority.

Responding to the sheriff’s pardon Lacey said it was an indication that Trump is not intelligent. The country’s judiciary is a failure to the citizens. He also added that the system is a union of corrupt people.

Larkin on the other side described the sheriff as terrible, he, however, said that he respects him for his discernment when it comes to politics. He added that his comments on Trump just added a few voters for Trump.