Many potential adoptive parents are discovering that adopting a child can put a serious strain on family finances.
Fortunately, adoption can be an affordable option for families with careful financial planning. Below are just a few of the resources available to help potential adoptive parents.
Tax Benefits for Adoption
- For the 2008 tax year, you may be able to take a tax credit of up to $11,650 for qualifying expenses paid to adopt an eligible child. The adoption credit is an amount that you subtract from your tax liability. Find out more!
Katelyn's Fund - Orphan Ministry
- Katelyn's Fund has been given the opportunity to provide grants to several Christian families.
HELPUSADOPT.ORG
- The Helpusadopt.org team is dedicated to helping couples/individuals overcome the seemingly insurmountable financial challenges that are associated with adoption.
Fore Adoption Foundation
- Fore Adoption founders Cathi and Kirk Triplett have formed a partnership with the Dave Thomas Foundation for Adoption to promote the Adoption of foster children while Kirk plays on the PGA Tour. Read more!
Gift of Adoption Fund
- Give a child a home for a lifetime! Click here.
Employee Benefits Program
- Many organizations offer their adopting employees benefits in the form of time off or financial assistance. Call your employee benefit office to check if your company is a participant. See if your employer is on the Dave Thomas Foundation for Adoption list.
McDermott, Will & Emery's Kids First Initiative Adoption Assistance Plans Model
- This site provides a wealth of free information about employer-provided adoption assistance plans. Click here for further information.
Military Adoption Benefits
- An active duty member of the military services may be reimbursed for qualifying adoption expenses up to $2,000. Read more!
National Adoption Foundation
- Offers grants as well as low interest, unsecured loans to adoptive parents. www.nafadopt.org
A Child Waits Foundation
- A financial resource for those seeking loans for international adoptions. Apply today!
God's Grace Adoption Ministry
- GGAM seeks to help Christian families overcome the financial burden of adopting children. Find out more.
The Abba Fund
- The ABBA Fund helps Christian families overcome the financial obstacles of adoption by providing interest-free loans that can be paid back over time. They also administrate Matching Grant and Interest-Free Loan Adoption Funds for churches at no cost to the church so that local communities can help their families with adoption costs.
www.abbafund.org
Life International
- 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 up to $10,000. You can visit their website at www.lifeintl.org, or email at info@lifeintl.org, or phone 309.747.3556
International Children's Adoption Resource Effort
- www.intlcare.org
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