Resources for Financing Adoptions
International adoptions can cost between $28,000 and $45,000. Therefore, it is important to do your homework in this area. With some thought and creativity, most can make it happen!
Grants and Loans:
2. The Abba Fund - www.abbafund.org - Provide financial assistance for parents who believe that God is calling them to grow their families through adoption and need help with the “cash flow crunch” posed by adoption expenses.
3. Life International - encourages Christian couples to adopt a child by relieving some of the financial burden of international and domestic adoption. They provide Adoption Matching Grants from $1k-$4k per child, and also offer interest-free loans. You can visit their website at www.lifeintl.org or phone 309-747-3556.
Other Resources:
“How to Make Adoption an Affordable Option” is for people who would like to consider adoption but are reluctant because they believe that the process is too expensive. Here you’ll find out about expenses common to most adoptions. You’ll also learn about financial assistance and tax breaks available to adoptive parents. If you’re thinking seriously of adopting, don’t let the myths about the costs deter you. By careful financial planning, you can make adoption an affordable option for your family.
A nonprofit organization dedicated to providing financial support, information, and services for adoptive and prospective adoptive families, has recently expanded their programs to include home equity loans, as well as unsecured loans and grants for adoption expenses. There is also a limited grant program. For information, or to request a brochure, write: 100 Mill Plain Road, Danbury, CT 06811. Tel: 203-791-3811.
Adoption Tax Credit:
2. Joint Council on Children's Services (scroll down and click on "Adoption Tax Credit'')
Fundraising - Adoptive families have been successful in fundraising to assist with paying for some of their adoption expenses.
2. A Mother's Love - A variety of different fundraising opportunities for you hosted by an adopted mother who raised funds for her own adoption - www.amotherslovefundraising.com
Yahoo Group for Adoption Fundraising - Excellent way to gain ideas from others trying to fund an adoption:
Employer Benefits and Ways to Help Change Them
Many employers offer adoption benefits. If you employer does not offer this benefit, call the number listed above for materials to guide you in requesting adoption assistance from your employer.
**A LEEAF member created a generic cover letter and generic adoption benefit policy proposal that can be printed and used as a guideline to change your company's policy in regards to adoption. It focuses on both adoption assistance and paid time off. CLICK HERE to print the information.
LEEAF does not endorse any of the agencies/companies listed above.
