# Carol Ann and Ralph V. Haile, Jr. Foundation

Carol Ann and Ralph V. Haile, Jr. Foundation is an Endowment / Foundation based in Cincinnati, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Cincinnati, United States
- **Region:** North America
- **Address:** 2060 Reading Road Suite 250, Cincinnati, OH, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** hailefoundation.org
- **LinkedIn:** https://www.linkedin.com/company/carol-ann-&-ralph-v.-haile-jr.-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Carol Ann and Ralph V. Haile, Jr. Foundation was formally funded in 2006 from Ralph Haile's estate after earlier establishment in 2004. Carol Ann and Ralph V. Haile, Jr. created the vehicle to improve quality of life in the region. Ralph's banking career at Peoples Bank and U.S. Bank supplied the underlying wealth. The foundation maintains LP positions in multiple vehicles including CincyTech Fund II, CincyTech V, StepStone Real Estate Partners III, Wellspring Capital Partners VI, and TVM Life Science Innovation II. It has also backed Every Child Capital and Insight Partners. Geographic reach centers on Ohio and Kentucky with additional exposure through fund commitments that extend to Germany. Real-asset activity includes ownership stakes in SparkHaus in Covington and the proposed Ralph Haile Square redevelopment. The foundation employs seven professionals and operates from its Cincinnati headquarters. It holds the BLINK trademark and has sponsored the October 2024 edition of the light and art festival. Additional recent activity includes sponsorship of the Securing the Future Conference in March 2025. U.S. Bank acts as trustee and custodian. The foundation's structure ties governance directly to the Haile family legacy through named board roles and long-term service providers such as Frost Brown Todd. This setup channels investment returns exclusively into regional grant programs rather than external distributions.

## Sectors

- Arts
- Education
- Human Services

## People

- Bernard McKay — President and CEO
- Eric Avner — Former Vice President and Senior Program Manager

## Questions

### Who runs investment decisions at the Carol Ann and Ralph V. Haile, Jr. Foundation?

Bernard McKay serves as president and CEO. The foundation uses U.S. Bank as trustee and custodian and StepStone Group as investment advisor.

### Does the foundation participate in fund commitments or only direct deals?

It holds limited partner interests in multiple private equity, venture, and real estate funds including CincyTech V and StepStone Real Estate Partners III.

### What investment stages does the foundation typically target?

Commitments span early-stage venture through buyout and real estate funds with investment horizons extending to 99 years on certain positions.

### How is the foundation related to U.S. Bank?

U.S. Bank has served as trustee and custodian since 2003 and was previously reflected in the foundation's name during its early years.

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Last updated: 2026-06-03T20:00:00.000Z

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