Fred Luther Foster (born July 26, 1931) is an American songwriter, record producer, and founder of Monument Records.
Born in Rutherford County, North Carolina, Foster struggled to support his mother after the death of his father. At the age of seventeen, Foster left the farm and moved to Washington, D.C., where he would eventually work for Mercury Records and ABC-Paramount Records (1955).
In March 1958, Foster used his life savings and formed Monument Records with minority partner Buddy Deane (a disc jockey at WTTG). In 1959, Deane sold his stock back to Foster, and Foster re-located the label to Hendersonville, Tennessee, in 1960. Foster remained active with the label until 1983. Foster is credited with the development of Roy Orbison's career, producing many of Orbison's major hits, including: "Oh, Pretty Woman", "Only the Lonely", "Running Scared", "In Dreams", "Crying", "It's Over", "Mean Woman Blues", "Candy Man", and "Blue Bayou". Foster also played a significant role in Dolly Parton's early career, signing her to Monument in 1964, shortly after her arrival in Nashville, and overseeing her recordings, culminating with her first top-40 country hit, "Dumb Blonde", in 1967. Foster also produced recordings by Billy Grammer, Ray Stevens, Kris Kristofferson, Tony Joe White, Larry Gatlin, Charlie McCoy, Al Hirt, Boots Randolph, Jerry Byrd, Billy Joe Shaver, Grandpa Jones, the Velvets and Robert Mitchum.