Affording Adoption
The cost of adoption can be overwhelming but there is help available. We have compiled a list of resources for learning about and managing the financial aspects of adoption.
A Child Waits Foundation
A nonprofit foundation offering five-year low-interest loans to families adopting internationally. One child loan amount is $7,000; two children, $10,000.
AdoptionFinancing.com
A network of more than 30 different lenders who can help find the right financing for your adoption.
Advanced Patient Financing
APF originally financed medical bills and has subsequently branched out into adoption.
811-672-8690
Boatner Family Foundation
A small foundation providing grants from $1,000-$10,000.
The Boatner FoundationP.O. Box 132272, The Woodlands
TX 77393-2272
Dave Thomas Foundation
A foundation committed to ensuring that adoption from the foster care system is streamlined, affordable and accessible to any family wanting to adopt.
800-275-3832
Employer Adoption Assistance Benefit
Many employers have adoption expense programs available. Ask your employer about this benefit or to request a list of employers who provide adoption benefits.
Adoption Benefits Coordinator, National Adoption Center, 1-800-TO-ADOPT or 215-735-9988
Federal Adoption Tax Credit
This tax credit provides the adoptive parents with a $10,000 credit per child for expenses paid to adopt. For incomes below $150,000, the entire credit can be taken. For incomes between $150,000-$180,000, a partial credit can be taken. For detailed information, review IRS Form 8839 and instructions.
800-829-3676
Federal and State Subsidy Programs
If you adopt a child who has special needs, he/she may be eligible for a federal or state adoption subsidy, designed to help offset the short- and long-term costs associated with adopting children who need special services.
NACAC's Adoption Subsidy Resource Center at 800-470-6665
Fore Adoption Foundation
A nonprofit foundation that helps families overcome some of the initial financial burdens of adoption (home study, legal fees, etc.).
480-563-1155
Gift of Adoption Fund
Offers grants of $2,000-$5,000.
Gift Money
Often family members will give loved ones who are adopting a personal loan or monetary gift to assist with adoption costs.
God's Grace Adoption Ministry
Nonprofit organization that helps Christian adoptive parents overcome the financial obstacles of adoption. Based on financial need.
Hebrew Free Loan Association
Offers interest-free loans to Jewish adults who wish to adopt children internationally or domestically. A single person or couple may borrow up to $10,000 toward the expenses incurred for the adoption of a child.
Helping Kids Cope
Home Equity Loan
Interest is usually tax-deductible. Consult your bank or lender for more information
International Adoption Assistance Foundation, Inc.
334-633-4300
International Care, Inc.
Grants up to $10,000 to families adopting international orphans.
JVS Foundation
Offers grants amounting to $2,000 or more to families adopting.
877-905-2367
Military Subsidies
The military will reimburse active-duty personnel for most one-time adoption costs up to $2,000 per child.
NAF Loan Program
The Adoption Assistance Loan is offered to you by NAF in partnership with American General Financial Services. Call 888-627-8767 for an application.
National Endowment of Financial Education
Booklet available, titled "How to Make Adoption an Affordable Option." Call 888-878-3256 to order and reference item #508-F.
State Adoption Tax Credit
Classified state employees are entitled to a State Adoption Employee Benefit allowing them to receive up to $3,000 per adoption.
Disclaimer: This list was updated in January 2006. While Adoption Covenant will be happy to assist you in any way, you are responsible for researching and applying for these sources of aid.
Copyright © 2010 Adoption Covenant, All Rights Reserved.
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