Carol Ann and Ralph V Haile Jr
The Carol Ann and Ralph V Haile Jr Foundation is a private family foundation based in Cincinnati, Ohio, established in 2003 to steward the wealth of Carol Ann Haile (1924-2004) and Ralph V Haile Jr (1923-2006). The foundation began active grantmaking in 2006 following Ralph's death. With over $270 million in assets, the foundation reached a milestone of $200 million in cumulative grantmaking in January 2025.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$283.2M
+2.6% YoY
Annual Giving
$11.8M
+3.9% YoY
Grant Count
167
+2.5% YoY
Avg Grant Size
$71K
+1.4% YoY
Mission & Focus Areas
The foundation's mission is to facilitate annual giving and serve as steward of wealth to improve the communities Carol and Ralph loved and cherished. The foundation supports initiatives across four primary areas:
Arts and Culture — Building on Carol's involvement with arts groups to support, develop, and expand cultural resources across the region.
Civic and Community — Inspired by Ralph's vision for revitalization and growth, particularly in Northern Kentucky, the foundation strengthens urban neighborhoods, builds vital workforce development, and encourages entrepreneurship and innovation.
Education — Supporting education initiatives that bring systemic change along the cradle-to-career continuum, provide educational outreach to underserved students, and create positive impact for all children across the region.
Human Services — Continuing the Hailes' commitment to meeting basic human needs and helping families attain economic stability.
Grantmaking
Grant Range
** $1,000 to $3,000,000, with a median grant of $25,000-$37,500
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Geographic Focus
Where this funder awards grants
The foundation primarily serves 10 counties in the Greater Cincinnati region, including Ohio, Kentucky, and Indiana. While the foundation's primary focus is the Greater Cincinnati area and Northern Kentucky, it also supports initiatives in select locations including New York and other U.S. cities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $276-$283 million (as of 2023-2024)
Annual Giving: $11.3-$13 million
Total Revenue: $1.7 million (2023)
Total Expenses: $14.8 million (2023)
Giving Rate: 4.7%
Cumulative Grantmaking: $200 million milestone reached in January 2025
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $283,226,600 | $276,171,000 | $270,046,294 |
| Revenue | $4,760,971 | $1,725,731 | $2,804,984 |
| Expenses | $15,273,929 | $14,757,879 | $17,674,204 |
| Qualifying Distributions | $13,869,533 | $12,909,220 | $15,454,238 |
| Net Investment Income | $6,424,498 | $3,025,966 | $8,970,672 |
| Distributable Amount | $13,781,721 | $13,418,022 | $13,933,547 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from Carol Ann and Ralph V Haile Jr
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Bernard McKay — President and CEO (since 2023), compensation $545,000
Christine Bochenek — Vice President, compensation $196,000
Kristen MacDougal — Program Manager, compensation $156,000
Cullen Calcagno — Program Manager, compensation $149,000
John Yung — Program Manager, compensation $142,000
Jason Pompilio — Program Manager, compensation $63,000
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BERNARD MCKAY | PRESIDENT AND CEO | 40 | $545,311 |
| CHRISTINE BOCHENEK | VICE PRESIDENT | 40 | $195,716 |
Recent News & Activity
Recent developments and announcements
In 2025, the Haile Foundation increased its grants budget to $13 million and allocated an additional $1 million to support nonprofits amid government uncertainty. The foundation is relocating its headquarters to fall 2025 at Ralph Haile Square in Covington, Kentucky, the historic former People's Liberty Bank building. Under President and CEO Bernie McKay's leadership since 2023, the foundation has expanded to a full programming staff.
Haile Foundation boosts grants by $1M amid government uncertainty - MoversThe foundation was previously known as the Carol Ann and Ralph V Haile Jr/U.S. Bank Foundation until 2021, when it returned to its original name.
Haile Foundation boosts grants by $1M amid government uncertainty - MoversSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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