Miguel B Fernandez Family Foundation
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
27
-28.9% YoY
Avg Grant Size
$167K
+7.2% YoY
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:**
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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
Cities
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
| 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
No grants recorded for .
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 HealthGranted $5 million to Baptist Health Foundation to support the Miami Cancer Institute
Miguel B. Fernandez Family Foundation Grants $5 Million to Baptist HealthGranted $5 million to Nicklaus Children's Hospital for a new trauma center
Miguel B. Fernandez Family Foundation Donates $5 Million for New Miami Children'sGranted $1 million to Florida International University's Ferré Institute for Civic Leadership for scholarships
$5 million Fernandez Family Foundation grant to support Miami Cancer InstituteSupported Miami Dade College Foundation with a seven-figure gift
$5 million Fernandez Family Foundation grant to support Miami Cancer InstituteFunded 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 HealthSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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