Published: Jul 18, 2014 6:17 PM EDT

LEHIGH ACRES, Fla - A child with a rare genetic disease has a chance to be cured, but needs some help before he is allowed to receive treatment.

Michael Gonzalez was born with a disease only 70 people in the world have. Michael is suffering from Mitochondrial Neurogastrointestinal Encephalomyopathy (MNGIE). The only food he can tolerate is a formula that's expired, and is about to run out.

His parents recently discovered their other son, Matthew, is a match for a bone marrow transplant, which could save Michael's life. The treatment, however, would cost the family a lot of money.

"$300,000," said Michael's mom, Jennifer Gonzalez, "Our insurance won't cover it because the United States is a little behind when it comes to things like this."

Comedy for a Cure is hosting a fundraiser Saturday, July 19th to raise money for Michael's medical costs. The event will start at 6:30pm at Caloosahatchee Jacks. Those who can't make the event, but want to donate can visit the Michael's donation page by clicking here.