Miguel B Fernandez Family Foundation
The Miguel B Fernandez Family Foundation is a private foundation based in Coral Gables, Florida. In 2024, it gave $4,495,544 in grants to 27 organizations, including educational institutions, a health foundation, and organizations supporting charitable programs and services.
Key facts about Miguel B Fernandez Family Foundation
In short: Miguel B Fernandez Family Foundation gave $4.5M across 27 grants in 2024 (avg $167K), mostly in Florida. 30% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 59-7228125
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,495,544
- Grants made (2024)
- 27
- Average grant
- $166,502
- Median grant
- $83,333
- New grantees (estimate)
- 30% first-time grantees (6 of 20, 2024; small sample)
- Total assets
- $1,550,379
- Primary geography
- Florida (75% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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
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.
Is Miguel B Fernandez Family Foundation open to new grantees?
30%
first-time grantees, 2024
In 2024, 6 of 20 grantees (30%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $53K; repeat grants $298K. How we count
Medians: $19K first-time, $113K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+18%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for education, health, and other charitable programs and services. Among its grantees, Loyola University Maryland describes itself as a Jesuit Catholic university committed to liberal education and the development of the whole person. An individual recipient High School says it educates young people of limited economic means through a college-preparatory curriculum and corporate work-study experience. Ransom Everglades School describes its aim as combining academic excellence and intellectual growth with students’ physical, cultural, and character development. Miami Dade College Foundation describes itself as a direct support organization for Miami Dade College.
Grantmaking
In 2024, the foundation made 27 grants totaling $4,495,544. Grant amounts ranged from $3,450 to $875,000, with a median of $83,333.
The largest grants included $875,000 to Loyola University Maryland; $500,000 each to Baptist Health South Florida Foundation, an individual recipient High School, and Miami Dade College Foundation; and $491,000 to Ransom Everglades School. Other listed grants included $363,578 and $136,422 to Miami Dade College Foundation, $200,000 to an individual recipient High School, $187,500 to the University of Miami School of Medicine, and $125,000 each to Friends of Caritas Cubana and The Children’s Movement of Florida. Friends of Caritas Cubana describes its work as strengthening Caritas Cubana’s capacity to support vulnerable people in Cuba, including through programs for children and people with disabilities.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Miguel B Fernandez Family Foundation?
Geographic Focus
Where this funder awards grants
In 2024, 75% of grant dollars went to recipients in Florida, 19% to Maryland, 3% to Massachusetts, 2% to Indiana, and 1% to New York.
Grant Distribution by State
Share of 2024 grant dollars across all 27 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.8M (2021) to $5.9M (2023). In 2024 it made 27 grants totaling $4.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Miami Dade College Foundation ($1.0M across 3 grants). Together the top 10 received $4.3M.
Grant Size Distribution
204 grants across all recorded years
The most common grant size was under $50K: 126 grants of 204 (62%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Loyola University Maryland Baltimore, MD | Charitable Support of Programs and Services | $875,000 |
| Baptist Health South Florida Foundation Coral Gables, FL | Charitable Support of Programs and Services | $500,000 |
| Cristo Rey Miami High School Miami, FL | Charitable Support of Educational Programs | $500,000 |
| Miami Dade College Foundation Miami, FL | Charitable Support of Programs and Services | $500,000 |
| Ransom Everglades School Coconut Grove, FL | Charitable Support of Programs and Services | $491,000 |
| Miami Dade College Foundation Miami, FL | Charitable Support of Programs and Services | $363,578 |
| Cristo Rey Miami High School Miami, FL | Charitable Support of Educational Programs | $200,000 |
| The University of Miami School of Medicine Coral Gables, FL | Charitable Support of School of Medicine | $187,500 |
| Miami Dade College Foundation Miami, FL | Charitable Support of Programs and Services | $136,422 |
| Friends of Caritas Cubana Cambridge, MA | Charitable Support of Programs and Services | $125,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $1,550,379 | $798,100 | $4,527,196 | $4,495,544 | 27 |
| 2023 | $5,549,247 | $614,112 | $5,923,896 | $5,902,686 | 38 |
| 2022 | $10,049,669 | $232,478 | $5,038,614 | $5,018,081 | 34 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Miguel B Fernandez as trustee.
Miguel B Fernandez Family Foundation is led by Miguel B. Fernandez, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Miguel B. Fernandez
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 121 Alhambra Plaza Ste 1100, Coral Gables, FL 33134
Phone: (305) 476-5161
Frequently asked questions about Miguel B Fernandez Family Foundation
How much does Miguel B Fernandez Family Foundation give each year?
Miguel B Fernandez Family Foundation gave $4.5M across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.9M across 38 grants.
What is Miguel B Fernandez Family Foundation's typical grant size?
Miguel B Fernandez Family Foundation's median grant in 2024 was $83,333, and its average grant was $166,502, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Miguel B Fernandez Family Foundation that year got $53K on average.
Where does Miguel B Fernandez Family Foundation give grants?
Miguel B Fernandez Family Foundation gives mostly in Florida: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (19%). The most frequent recipient cities were Miami, FL (15 grants), Coral Gables, FL (3 grants) and Miami Shores, FL (2 grants).
Does Miguel B Fernandez Family Foundation give general operating support?
Not in 2024: none of the 27 grants with a stated purpose on Miguel B Fernandez Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Support of Programs and Services" (19 grants) and "Charitable Support of Educational Programs" (5 grants).
Who are Miguel B Fernandez Family Foundation's largest grantees?
Miguel B Fernandez Family Foundation's largest 2024 grantees include Miami Dade College Foundation ($1,000,000 across 3 grants), Loyola University Maryland ($875,000) and Cristo Rey Miami High School ($700,000 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 57% of its itemized 2024 grant dollars.
How large is Miguel B Fernandez Family Foundation?
Miguel B Fernandez Family Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $171K (roughly 5% of its investment assets).
What does Miguel B Fernandez Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for education, health, and other charitable programs and services. See mission & focus areas ↑
How do I apply for a grant from Miguel B Fernandez Family Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Miguel B Fernandez Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Miguel B Fernandez Family Foundation by hand.
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