About Us

“The attainment of a higher education credential can be a great equalizer, providing individuals from all backgrounds and walks of life with the ability to change fundamentally the future for themselves, their families, and their communities.”

                                       Stephen Jerome, President

The Monroe Foundation has provided over $2 million in scholarship funding to thousands of students since its founding.  We are proud to have provided funding for students seeking higher education degrees from a wide array of institutions, including:

  • Columbia University
  • Drexel University
  • Monroe College
  • New York University
  • Northwestern University
  • Pace University
  • School of Visual Arts
  • State University of New York at Albany
  • State University of New York at Binghamton
  • University of Alabama
  • University of Connecticut
  • University of Mississippi

Who We Help

  • First generation students
  • Adults returning to complete their education
  • United States Military Veterans
  • Individuals who need to supplement financial aid, GI Bill funding, loans, and personal funds in order to complete their degree.


What is Gap Funding?

The Monroe Foundation specializes in ‘gap funding.’  Rather than providing full scholarships, the Foundation seeks to ‘fill the gap’ after all sources of tuition funding have been exhausted – including financial aid and grants, veteran aid, personal resources, and loans.  Average grants per semester range from $1,000 to $5,000 and often are the difference between a student continuing with his/her studies or having to withdraw from classes and discontinue their education.  Academic performance is reviewed at the conclusion of each semester in order to determine eligibility for continued funding.


Board of Directors  

Stephen Jerome, President

Norman Himmelfarb, Esq., Vice President

Olesia Tiagi, Treasurer

Anthony Coschigano

Greg Gonzalez

Olha Paluch



“I want to thank you for helping me complete my journey at Monroe College. The kindness you have shown me and my family will never be forgotten.”
— Troy S., United States Veteran, Monroe College Class of 2019

“The generous support of The Monroe Foundation allowed me to enroll when I could not have otherwise afforded to.  The day I found out I would be receiving the award was one of the happiest of my life.”
— Antoinette B., Columbia School of Social Work Class of 2021

“The Monroe Foundation grant will help me to worry less about the cost of my education and focus more on performing at my highest potential.  As a first-generation college student, being given an opportunity to attend college, get an offer from a top accounting firm in the world, and attend graduate school is all I ever dreamed of as a child.”
— Fatoumata C., Pace University Class of 2021

“Words can’t be put together to say how grateful I am to be given this opportunity for a scholarship. A college education for me not only gives me a piece of paper called a degree.  It allows me to step into the setting my heart desires and say I did this work.  I deserve the job.”
— Stephanie F., Monroe College Class of 2020