Monivae College Foundation was established in 1998, by a small group of passionate Old Collegians who were made aware their College was in need of assistance. The first meeting took place on a Sunday morning in the Boarder's Dining Room. It was the day after the Dunkeld Races, in short, the meeting became 'a call to arms'. The Foundation was formed with the purpose of raising financial resources to ensure Monivae College continued 'to provide young men and women of regional Victoria with quality Catholic educational experiences and opportunities'.