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

The Elena A. Miranda Foundation has made a transformative $500,000 commitment to support the Patient Assistance Fund at Nicklaus Children's Hospital, a contribution that will directly impact children facing life-threatening health conditions from families without financial means for medical intervention. The donation was formally recognized during a reception held at the hospital's Kenneth C. Griffin Surgical Tower, where a wing of the lobby was named the "Elena A. Miranda Marketplace" to honor the foundation's substantial investment in pediatric healthcare.

Founded in 2023 by Carlos Fausto Miranda, founder and principal of Fausto Commercial, the foundation operates with a distinctive financial structure that ensures every dollar contributed goes directly to supporting children's medical needs. "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," Miranda emphasized during the recognition event. The foundation covers all administrative costs through dedicated donors, maximizing the impact of each contribution on patient care.

The Patient Assistance Fund supported by this significant donation provides critical resources for medical treatments that would otherwise be inaccessible to families lacking financial means. This funding mechanism addresses a crucial gap in healthcare accessibility, particularly for cases where public funding is unavailable. Miranda highlighted the emotional significance of the hospital campus, noting that "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."

The recognition event 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 Miranda and Alejandro Mendieta, president of the Coastal Wealth Private Client Group and a foundation board member. The gathering brought together hospital leadership, foundation board members, and healthcare professionals to celebrate a partnership that will enable continued support for children requiring life-saving medical interventions.

Miranda articulated the foundation's broader purpose, stating that "by investing every dollar received, we strive to yield an intangible difference, to save a child's life." The $500,000 commitment represents one of the most substantial recent contributions to the hospital's efforts to provide comprehensive care regardless of families' financial circumstances. The foundation's mission and work can be explored further at https://www.elenafoundation.com/.

The naming of the Elena A. Miranda Marketplace serves as a permanent acknowledgment of the foundation's commitment to ensuring that financial barriers do not prevent children from receiving necessary medical care. This partnership exemplifies how strategic philanthropic investments can create sustainable solutions for healthcare accessibility challenges, particularly for vulnerable pediatric populations facing life-threatening conditions without adequate financial resources.