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.
Benefits for Adoption
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.
IRS Tax Benefits
For the 2009 tax year, you may be able to take a tax credit of up to $12,150 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!
TAX BENEFITS FOR ADOPTION:
THE ADOPTION TAX CREDIT, by Herbert Newell, M.A.
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!
Private Grants and Loans
A Child Waits Foundation
A financial resource for those seeking loans for international adoptions. Apply today!
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
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.
God's Grace Adoption Ministry
GGAM seeks to help Christian families overcome the financial burden of adopting children. Find out more.
HELPUSADOPT.ORG
The Helpusadopt.org team is dedicated to helping couples/individuals overcome the seemingly insurmountable financial challenges that are associated with adoption.
International Children's Adoption Resource Effort
www.intlcare.org
Katelyn's Fund - Orphan Ministry
Katelyn's Fund has been given the opportunity to provide grants to several Christian families.
Lifesong for Orphans
Lifesong for Orphans 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.lifesongfororphans.org, or email at info@lifesongfororphans.org, or phone 309.747.3556
National Adoption Foundation
Offers grants as well as low interest, unsecured loans to adoptive parents. www.nafadopt.org
Pathways for Little Feet
Provides interest-free loans to qualified adoptive families who need financial assistance to finalize their adoptions. www.pathwaysforlittlefeet.org
Show HopeTM
Through adoption assistance grants, Show Hope donors have helped provide loving, Christian families for over 2,000 waiting orphans from 40 different countries, including the U.S.
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