Monroe Foundation, Inc. is a 501c 3 non-profit organization in Fairbanks, Alaska. The sole purpose of Monroe Foundation, Inc. is to support and advance the goals and programs of the Catholic Schools of Fairbanks. Each year the Foundation must raise almost $1,000,000 to cover the difference between the tuition charged and the actual cost of education. Tuition is set at a lower rate to attract more families to the schools.