 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Page 1 - Page 2 |
| FINANCIAL ASSISTANCE: |
1.) Tax Credit The federal government offers an adoption tax credit of approximately $10,000 to adoptive families on qualifying expenses paid for a child's adoption. In addition to this some states offer an additional tax credit or income tax deduction for families that have adopted a child. For more information you may visit the IRS website at www.IRS.gov and review publication # 968, or speak with a tax specialist. |
2.) Employer Assistance There are many companies that have Adoption Assistance Programs. Check with your employer's human resource department to see if they offer adoption assistance benefits. You can click on the following link for additional information on how to get your employer on board with provision of adoption assistance benefits: http://www.adopting.org/employer.html |
3.) Military Program For active duty adoptive parents the military will reimburse up to $2,000 on adoption expenses for one child and $5,000 for siblings. Parents must work with a licensed adoption agency, and may file after the adoption is finalized. For more information, adoptive parents may review the Defense Finance Service Instruction Form 1341, call 303-333-0845, or visit the website at : http://military.adoption.com . |
4.) Loans and Second Mortgages Refinance your Home equity loan - If you own your house you may be eligible for a home equity loan, or you may be able to refinance your mortgage. This is typically the lowest-rate loan at a bank. Quite often, the interest is tax-deductible. Also, most banks offer a home equity line-of-credit. You will be given a checkbook you can use to pay expenses as they arise. The check you write will be added to your current loan balance. Ask your bank for details. Rates are usually low and interest tax deductible. Borrow from your 401-k - Many 401-k plans now offer loans from your retirement savings. This is usually a very-low interest rate. Many people are able to fund their entire adoption from this one loan. Talk to your employer to see if this is an option for you. |
5.) Grants and Loans Here is a list of Internet sites to visit for detailed information on available grants and loans for adoption: Christian Adoption Resources Inc Prospective Christian adoptive couples may apply for a grant after they have an approved home-assessment by a licensed adoption agency. Grants are generally awarded in $1,000 increments with $5,000 being the largest grant awarded at this time. 30 Harmony Hall Drive, God's Grace Adoption Ministry is a non-profit organization helping adoptive parents overcome the financial burden of adopting children. It is not an adoption agency, but rather works in cooperation with the agency to assist the family with their financial needs. Depending on the individual family needs, financial assistance is available in the form of grants and interest free loans. God's Grace Adoption Ministry Gift of Adoption: The Gift of Adoption Fund is the largest public charity whose sole purpose is to fund adoptions. Applicants are evaluated based on financial need. Preference will be given to those applicants who are experiencing extraordinary hardship. Examples would include medical special needs on the part of the child and/or situational hardship on the part of the parents or the child. 101 E Pier St , A Child Waits Foundation provides low interest loans for families who have exhausted other financial options and could not proceed with their adoption without further help. 1136 Barker Rd., Home for Good offers resources, support, grants, loans and matching funds to eligible adoptive families. 697 E. Intervale Rd. Kingdom Kids Adoption Ministries was established in 2001 by Steve and Michelle Gardner as a result of their own desire to finance their most recent adoption. They help families raise finances for adoption by developing a support team committed to praying for and contributing to the family's adoption. 1417 N Lincoln The National Adoption Foundation was established in 1994 by adoptive parents who understand the unmet needs adoptive families have for financial support and advocacy. National Adoption Foundation The National Endowment for Financial Education ® (NEFE®) is a non-profit 501 (c) (3) foundation dedicated to helping all Americans acquire the information and gain the skills necessary to take control of their personal finances. 100 Mill Plain Rd., Shaohannah's Hope is dedicated to caring for orphans by engaging the church and helping Christian families reduce the financial burden of adoption. They accomplish this by awarding financial adoption grants to qualified families already in the process of adopting. The size of the grant awarded is determined by several factors, the most important being need. 6723 Whittier Ave Suite 306 |
6.) Fundraising A Child's Desire offers fundraising ideas to adopting families. Some families have used creative fundraising methods such as having frequent flyer miles donated to them, community garage sales, their church's assistance, etc. A Child's Desire |
7.) Additional Adoption Financing Resources http://www.adoptionfinancing.com There is no need for finances to stand in the way of bringing home a child. Our counselors are available to discuss creative ways to finance your adoption. We look forward to working with you to welcome your child home. |
Page 1 - Page 2 |
Brazil - Bulgaria - China - Kazakhstan - Lithuania - Mexico - Ukraine
the Children - Request Info - Mtgs