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, marking a significant philanthropic investment in pediatric healthcare for underprivileged children. The foundation celebrated this contribution with a reception held on Wednesday, September 17 at the hospital's Kenneth C. Griffin Surgical Tower, where a wing of the lobby was named 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 with a specific mission to support children facing life-threatening health conditions whose families lack financial resources for necessary medical interventions. The organization operates with a unique funding model where all administrative costs are covered by dedicated donors, ensuring that 100% of every contribution received goes directly to supported causes. This approach maximizes the impact of charitable giving on patient care.

Carlos Fausto Miranda emphasized the critical nature of the foundation's work, 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 specifically targets cases where public funding is unavailable, filling a crucial gap in the healthcare safety net for vulnerable pediatric patients.

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, along with additional comments from Miranda and Alejandro Mendieta, president of the Coastal Wealth Private Client Group and a foundation board member. 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 represents a substantial boost to the Patient Assistance Fund, which provides critical financial support for medical treatments that might otherwise be inaccessible to families without means. This contribution comes at a time when healthcare costs continue to rise, and many families struggle to afford specialized pediatric care. The naming of the "Elena A. Miranda Marketplace" serves as a permanent recognition of the foundation's commitment to children's health and establishes a visible legacy for the organization's philanthropic efforts.

The foundation maintains an online presence at https://www.elenafoundation.com/ where supporters can learn more about its mission and activities. This substantial donation demonstrates how targeted philanthropic initiatives can directly address healthcare disparities and provide life-saving interventions for children in need, setting an example for other charitable organizations focused on pediatric healthcare support.