The Haile College of Business is grateful to Tim and Leslie Maloney for their commitment to our college. The Maloneys were close personal friends to Ralph and Carol Haile for many years. Together, Tim and Leslie served as the President and Senior Vice President of the Carol Ann and Ralph V. Haile, Jr. Foundation from 2008 to 2022, establishing the foundation and stewarding the legacy of the Hailes and their foundation before retiring in 2022. Without their generosity, our college would not be what it is today.
As the Haile College of Business, we seek to embody and embue the spirit and impact of Carol Ann and Ralph. We seek to educate, equip and train our students to lead and shape our region in all corners of business much like Ralph did during his long and storied career in banking. We also seek to instill a sense of service and community involvement in our students, carrying on the legacy that Carol Ann demonstrated by her lifetime of volunteerism in the community.
As Tim Maloney has said, "For the longest time there really wasn’t anything worthwhile that happened in Covington and Northern Kentucky that Ralph Haile wasn’t involved in,” says Tim Maloney. “In addition to leading these initiatives that dramatically shaped the Northern Kentucky landscape, he always still touched the ‘little guy,’ supporting the needs of small retail establishments. He was accessible to everyone, insisting on a first-floor office.”
In 2008, the then Carol Ann and Ralph V. Haile, Jr. / US Bank Foundation gifted Northern Kentucky University College of Business with a $15 million endowment. This was the largest gift in the 40-year history of NKU, and matched the largest single-source gift to a public university in the history of Kentucky. The gift established endowed chairs for faculty and support for faculty recruitment, retention, and development, as well as providing scholarships for business students. The college was named The Carol Ann and Ralph V. Haile, Jr./US Bank Foundation College of Business to reflect this generosity.
In 2021, the college rebranded as simply the Haile College of Business to follow suit with the Carol Ann and Ralph V. Haile Jr. Foundation having shortened its name by dropping the “U.S. Bank” from its name. The decision was made to avoid confusion and to clarify the two brands.
The Carol Ann and Ralph V. Haile, Jr. Foundation's gift to the College of Business continues to provide sustainable revenue for:
➤ The continuation and growth of innovative programs
➤ The development of new and relevant educational support activities
➤ Fostering and encouraging faculty/student research
➤ The professional development of faculty/staff
➤ Brand awareness for the college
A great example of a funded innovative program, is the Haile Student Investment Fund. The fund was established in 2011 with a $500,000 gift from the Carol Ann and Ralph V. Haile, Jr. Foundation and has since topped $1 million, earning a Five-Star rating from MorningStar, the prestigious investment research and rating firm. The fund is managed as part of FIN 450, Advanced Investment Analysis, a selective undergraduate course that allows students to manage live investment portfolios in preparation for entering the job market, gaining valuable hands-on experience in security research, valuation of risky assets and portfolio management.
