Financing Your Adoption
There are several sources of help for assisting with adoption costs. This list is provided as a starting point for prospective adoptive families seeking financial assistance.
Financial Assistance
Below is a list of organizations that can assist families financially. Chosen Child Adoption Services is not affiliated with nor endorses any of these organizations.
|
Name |
Description |
Information |
|
National Adoption Foundation |
Grants, Loans, and Fundraising assistance through OneCause. |
|
|
Gift of Adoption Fund |
Grants for adoption completion- range $1,000 to $7,500. |
www.giftofadoption.org |
|
Cade Foundation’s Family Building Grant |
Grant for adoptive families with diagnosed infertility. Range up to $10,000. |
|
|
ABBA Fund |
Interest free loans. |
www.abbafund.org |
|
Bank of America |
Unsecured loans designed for adoptive parents. |
www.bankofamerica.com |
|
Founding Family |
Grants for domestic and international adoption. |
www.foundingfamily.org |
|
God’s Grace Adoption Ministry |
Grants and fundraising assistance. |
www.ggam.org |
|
Home for Good Foundation |
Free fundraising materials. |
www.hfgf.org |
|
Kingdom Kids Adoption Ministries |
Grants and fundraising information. |
www.kingdomkidsadoption.org |
|
Lifesong for Orphans |
Matching grants and interest free loans. |
www.lifesongfororphans.org |
|
Shaohannah’s Hope (Show Hope) |
Grants and information on other resources. |
www.showhope.org |
|
Adoption Bug |
Fundraising through t-shirt sales |
Employer Assistance
Many businesses provide parental leave or benefits to their employees. Parental leave may refer to federal or state legislation requiring most employers to provide unpaid leave for a period after birth/adoption, or it may refer to specific company policies that offer enhanced benefits. Benefits provided to employees may include parental leave, medical expenses to the birthmother, seminars, classes, or counseling before and after placement. It is also becoming more common for companies to offer financial assistance to defray the cost of adoption. Check with your employer to determine what benefits may apply.
Adoption Tax Credit: Federal & State
A significant federal adoption tax credit may be available for many families. Information about the federal tax credit can be found through the Internal Revenue Service. The specific website for adoption credit is available here. The website provides information and forms to complete. The Internal Revenue Service can also be contacted at 1-800-829-1040. Families should consider consulting a tax professional for details or assistance regarding this alternative.
A state adoption tax credit may also be available. For information on adoption assistance by state refer to this link. Families should consider consulting a tax professional for details or assistance regarding this alternative.
Military Subsidies
The military may reimburse active duty personnel for one-time adoption expenses up to $2,000 per child and up to $5,000 per family per year. The reimbursement applies to the adoption of an international child, a domestic infant, or a special needs child. Reimbursement is made only after the adoption is finalized and other services are available after adoption. More information is available here.
