Elena A. Miranda Foundation Commits $500,000 to Nicklaus Children's Hospital Patient Assistance Fund

The Elena A. Miranda Foundation has made a substantial $500,000 commitment to benefit the Patient Assistance Fund at Nicklaus Children's Hospital. The foundation held a reception at the hospital's Kenneth C. Griffin Surgical Tower to celebrate this significant contribution and the naming of a lobby wing as the "Elena A. Miranda Marketplace" in recognition of the donation.

Founded in 2023 by Carlos Fausto Miranda, founder and principal of Fausto Commercial, the foundation was established in honor of his late sister. The organization's mission focuses on raising funds to support underprivileged children facing life-threatening health issues when their families lack financial means for medical intervention and public funding is not available. A unique aspect of the foundation's operation is that all administrative costs are fully covered by dedicated donors, ensuring that 100% of every contribution goes directly to supported causes.

Carlos Fausto Miranda emphasized the critical nature of this funding model, stating, "Because public funding is scarce, it's vital that every dollar that enters the foundation goes into the hospital's patient assistance fund to be used for life-saving medical treatment." The foundation's commitment to directing all funds toward actual medical care rather than administrative overhead represents a significant advantage for families in need.

The reception featured remarks by Allison Baker, president of Nicklaus Children's Hospital Foundation and senior vice president of development for Nicklaus Children's Health System. Additional comments were provided by Miranda and Alejandro Mendieta, president of the Coastal Wealth Private Client Group and a board member of the foundation. Miranda shared personal insights about the emotional significance of the hospital campus, noting, "Anyone who has childhood memories of being on this campus, either undergoing treatment themselves or in my case that of my sibling, knows that it can be difficult to return. But by investing every dollar received, we strive to yield an intangible difference, to save a child's life."

The $500,000 donation will directly impact the Patient Assistance Fund, which serves as a crucial resource for families who would otherwise be unable to afford necessary medical interventions for their children. This contribution comes at a time when many families face financial challenges in accessing specialized pediatric care. The foundation's approach of covering all administrative costs through separate donor support ensures that the entire $500,000 will be available for medical treatment rather than being reduced by operational expenses.

For more information about the foundation's work and mission, visit https://www.elenafoundation.com/. The Elena A. Miranda Foundation operates as a recognized 501(c)(3) nonprofit public charity, specifically focused on supporting the Patient Assistance Fund at Nicklaus Children's Hospital in Miami, Florida. This substantial commitment represents one of the larger recent donations to the hospital's assistance programs and demonstrates the foundation's dedication to addressing healthcare disparities for children from financially vulnerable families.