Miguel B Fernandez Family Foundation

CORAL GABLES, FL EIN: 59-7228125

The Miguel B Fernandez Family Foundation is a private foundation established in 2002 and based in Coral Gables, Florida. The foundation is directed by Mike and Constance Fernandez and focuses on charitable giving primarily in education, health, and human services.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

-72.1% YoY

Annual Giving

$4.5M

-23.8% YoY

Grant Count

-28.9% YoY

Avg Grant Size

$167K

+7.2% YoY

Under IRS private-foundation payout rules, Miguel B Fernandez Family Foundation reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving priorities include:

Education: Particularly parochial and Catholic education, with strong support for Jesuit preparatory schools and universities
Health & Human Services: Including children's hospitals and cancer research initiatives
Arts & Culture
Immigration-related causes

The foundation gives primarily to a Jesuit preparatory school and to a children's hospital foundation.

Grantmaking

Grant Range

s & Activity:**

Ready to take the next step with Miguel B Fernandez Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

The foundation funds primarily in:

Florida (with particular emphasis on South Florida)
Massachusetts
New York

Grant Distribution by State

Florida $16.5M (70%)

Maryland $3.6M (15%)

New York $2.3M (10%)

Indiana $550K (2%)

Massachusetts $465K (2%)

Texas $25K (0%)

Pennsylvania $10K (0%)

Illinois $10K (0%)

States

Florida Illinois Indiana Massachusetts Maryland New York Pennsylvania Texas

Cities

BaltimoreBloomfieldBostonCambridgeChicagoCoconut GroveCoral GablesFlorida CityGlenoldenMiamiMiami ShoresNew YorkTerre HauteUvalde

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2023):

Total assets: $5,549,247
Total revenues: $614,112
Total expenses: $5,923,896
Number of employees: 0

Earlier Financial Data (2024):

Total assets: $1,550,379
Total giving: $4,495,544

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,550,379	$5,549,247	$10,049,669
Revenue	$798,100	$614,112	$232,478
Expenses	$4,527,196	$5,923,896	$5,038,614
Qualifying Distributions	$4,495,544	$5,902,685	$5,018,081
Net Investment Income	$787,598	$570,964	$215,529
Distributable Amount	$170,818	$357,042	$927,609

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

199 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Loyola University Maryland ($875,000), Baptist Health South Florida Foundation ($500,000), Cristo Rey Miami High School ($500,000).

Recipient	Purpose	Amount
ARCHDIOCESE OF MIAMI MIAMI SHORES, FL	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$15,081
ARCHDIOCESE OF MIAMI MIAMI SHORES, FL	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$3,450
BAPTIST HEALTH SOUTH FLORIDA FOUNDATION CORAL GABLES, FL	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$500,000
CANDLES HOLOCUST MUSEUM TERRE HAUTE, IN	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$100,000
CASA VALENTINA MIAMI, FL	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$10,000
CITY YEAR INC BOSTON, MA	CHARITABLE SUPPORT OF EDUCATIONAL PROGRAMS	$10,000
COLUMBIA UNIVERSITY NEW YORK, NY	CHARITABLE SUPPORT OF PROGRAMS AND SERVICES	$27,000
CRISTO REY MIAMI HIGH SCHOOL MIAMI, FL	CHARITABLE SUPPORT OF EDUCATIONAL PROGRAMS	$200,000
CRISTO REY MIAMI HIGH SCHOOL MIAMI, FL	CHARITABLE SUPPORT OF EDUCATIONAL PROGRAMS	$500,000
FLORIDA INTERNATIONAL UNIVERSITY MIAMI, FL	CHARITABLE SUPPORT OF EDUCATIONAL PROGRAMS	$83,333

Leadership & Key People

Leadership team and compensation from IRS filings

Founders/Directors:

Mike Fernandez (founder; born in Cuba, grew up in New York City; attended Xavier High School and University of New Mexico; founder of MBF Healthcare Partners)
Constance Fernandez (serves on the board of St. Thomas University and Ransom Everglades School)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MIGUEL B FERNANDEZ	TRUSTEE	0.5	—

Recent News & Activity

Recent developments and announcements

The foundation has made several significant grants in recent years:

Miguel B. Fernandez Family Foundation Grants $5 Million to Baptist Health

Granted $5 million to Baptist Health Foundation to support the Miami Cancer Institute

Miguel B. Fernandez Family Foundation Grants $5 Million to Baptist Health

Granted $5 million to Nicklaus Children's Hospital for a new trauma center

Miguel B. Fernandez Family Foundation Donates $5 Million for New Miami Children's

Granted $1 million to Florida International University's Ferré Institute for Civic Leadership for scholarships

$5 million Fernandez Family Foundation grant to support Miami Cancer Institute

Supported Miami Dade College Foundation with a seven-figure gift

$5 million Fernandez Family Foundation grant to support Miami Cancer Institute

Funded education initiatives at Carrollton School of Sacred Heart, University of Florida Foundation, and City Year Miami

The foundation demonstrates a sustained commitment to Catholic and parochial education, with particular support for institutions connected to the Fernandez family's personal history, including Xavier High School in Manhattan.

Miguel B. Fernandez Family Foundation Grants $5 Million to Baptist Health

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Miguel B Fernandez Family Foundation fund?

The foundation's giving priorities include: • **Education**: Particularly parochial and Catholic education, with strong support for Jesuit preparatory schools and universities • **Health & Human Services**: Including children's hospitals and cancer research initiatives • **Arts & Culture** • **Immigration-related causes** The foundation gives primarily to a Jesuit preparatory school and to a children's hospital foundation.

How do I apply for a grant from Miguel B Fernandez Family Foundation?

**Grant Sizes & Activity:** • Typical grant awards range from $205 to $1,000,282 • The foundation made 37 grants in 2023 • Recent major grants include: • $1,000,000 to College of St Francis Xavier • $1,000,000 to Miami Dade College Foundation • $875,000 to Loyola University Maryland • $5,000,000 to Baptist Health Foundation to support Miami Cancer Institute • $5,000,000 to Nicklaus Children's Hospital for a trauma center • $1,000,000 to Florida International University's Ferré Institute for Civ…

Where does Miguel B Fernandez Family Foundation make grants?

The foundation funds primarily in: • Florida (with particular emphasis on South Florida) • Massachusetts • New York

What size grants does Miguel B Fernandez Family Foundation award?

In 2024, Miguel B Fernandez Family Foundation awarded 27 grants totaling $4.5M — an average of about $167K per grant, based on its IRS Form 990 filings.

How much is Miguel B Fernandez Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Miguel B Fernandez Family Foundation reported a distributable amount of $171K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Miguel B Fernandez Family Foundation's EIN?

Miguel B Fernandez Family Foundation's EIN (Employer Identification Number) is 59-7228125. IRS Form 990 filing data is available on this page for 2020–2024.