Local nonprofits have been speculating for months about the size and scope of the foundation, which spent the last two years quietly developing a strategic plan and settling the estate of Ralph Haile, a Northern Kentucky banker who died in 2006, two years after his wife’s passing.
Those who attend the reception will hear what they long have hoped: The Haile fortune was huge. CEO Timothy Maloney said it holds more than $200 million in assets and sports an annual grant-making capacity in excess of $10 million.
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