# Hospice of Cincinnati

Hospice of Cincinnati is an Endowment / Foundation based in Cincinnati, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Cincinnati, United States
- **Region:** North America
- **Address:** 4360 Cooper Road, Cincinnati, OH 45242, United States
- **Founded:** 1977
- **Assets under management:** $52M (Altss estimate)
- **Website:** hospiceofcincinnati.org
- **LinkedIn:** https://www.linkedin.com/company/hospice-of-cincinnati

## Regulatory record

- **Reports private funds:** No

## About

Hospice of Cincinnati was established in 1977 as a community-based nonprofit, sponsored by Bethesda Inc. and operated in partnership with TriHealth and Bon Secours Mercy Health. It is not a single-family office but an endowment-style asset owner whose capital exists solely to support a network of six inpatient and administrative care sites across the Cincinnati metropolitan area. Gayle Mattson leads the organization as President and CEO, while Rance Duke oversees the investment portfolio as Chair of the Investment Committee for the parent entity, Bethesda Inc. Unlike venture-facing health systems, Hospice of Cincinnati does not publicly report direct private-market commitments or co-investments alongside external GPs. The organization's capital is absorbed almost entirely by brick-and-mortar care delivery: its Blue Ash administrative headquarters, the Anderson and Hamilton inpatient centers, and units at The Christ Hospital function as direct operating assets rather than investment vehicles. No disclosed venture or growth equity positions exist in the public record. The Bethesda Foundation and a related grantmaking initiative, bi3, serve as the organization's primary philanthropic and strategic funding arms. The institution belongs to the National Partnership for Healthcare and Hospice Innovation and holds an accreditation from the National Institute for Jewish Hospice, signaling a deliberate affiliation with industry-level quality standards rather than investment consortia. No club memberships, co-investment networks, or feeder funds are evident in the firm's disclosures. Hospice of Cincinnati deviates from typical institutional allocators in that its capital structure is wholly subordinated to a single operational mission. There is no separate CIO office, no publicly visible asset-management subsidiary, and no disclosed plan to separate the endowment from the care-delivery parent. Governance flows through Bethesda Inc., with investment oversight vested in a board committee rather than a professional investment staff — a structure that makes the allocation decision-making more akin to a community foundation than an institutional asset manager.

## Sectors

- Healthcare Services

## Offices

- 7691 Five Mile Road, Cincinnati, OH 45230
- 1010 Eaton Ave, Hamilton, OH 45013
- 2710 West Fork Road, Cincinnati, OH 45211
- 6549 Heritage Club Dr., Mason, OH 45040
- 2139 Auburn Ave, Cincinnati, OH 45219

## People

- Gayle Mattson — President and CEO
- Rance Duke — Chair of the Investment Committee, Bethesda Inc.

## Questions

### Who runs investment decisions at Hospice of Cincinnati?

Rance Duke chairs the investment committee for Bethesda Inc., the parent organization and sponsor of Hospice of Cincinnati. The portfolio governance flows through Bethesda Inc., with no separate public-facing chief investment officer or professional investment staff disclosed. Gayle Mattson leads the organization as President and CEO, overseeing operations rather than portfolio allocation.

### Does Hospice of Cincinnati participate in fund commitments or direct deals?

No public record exists of the organization making LP commitments to external funds or executing direct private-market deals. Its deployment is concentrated in direct operating assets — the buildings, units, and care programs it runs itself — rather than third-party financial vehicles.

### What is the relationship between Bethesda Inc., TriHealth, and Bon Secours Mercy Health?

Bethesda Inc. is the founding sponsor of Hospice of Cincinnati and acts as its parent entity. TriHealth and Bon Secours Mercy Health are collaborative community partners and co-sponsors that support the hospice's operations. Together they form a nonprofit consortium that governs and funds the organization.

### How is the investment portfolio separated from the operating entity?

The portfolio is held and governed at the Bethesda Inc. level, which also runs the Bethesda Foundation and the bi3 grantmaking initiative. Investment oversight is managed via a board committee rather than a separately incorporated management company or dedicated investment office.

## Related profiles

- [Geneva College](https://altss.com/profile/geneva-college)
- [Northbridge Retirement Board](https://altss.com/profile/northbridge-retirement-board)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/hospice-of-cincinnati

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology