Financial Adoption Options
Financial Adoption Options
- Adoption Tax Credit Website:To find a local tax credit consultant: www.irs.gov/localcontacts/index.html
Tax benefits for adoption #107 (IRS Tax Credit Website)
Tax benefits for adoption include both a tax credit for qualified adoption expenses paid to adopt an eligible child and an exclusion for employer-provided adoption assistance. For tax years 1997 through 2009, the credit was nonrefundable. For 2010 and 2011 the credit was refundable. For tax year 2012, the credit has reverted to being nonrefundable, with a maximum amount (dollar limitation) of $12,650 per child.
What this mean to adoptive families:
The bill permanently extends the adoption tax credit and income exclusion for employer paid or reimbursed adoption expenses.
- Check out this FAQ page from Adoption Tax Credit Website for more information.
Additional Financial Adoption Aid |
Religious Based Programs |
Loan Programs |
Children’s House International can help you answer the money question
It’s no surprise — adoption can be expensive. Our entire team at Children’s House International is committed to helping you overcome any financial hurdles to adoption through an innovative service, The Adoption Finance Coaching System.
Our adoption finance coaches are standing by to help you create a comprehensive financial plan that will help you reach your adoption-related goals.
Whatever your adoption dreams may be, don’t let finances be a barrier….we are here to help! Our experienced adoption finance coaches are here to help you; you don’t have to go through this alone!
Apply for an adoption loan through America’s Christian Credit Union. For more information please click HERE.
Brittany’s Hope Foundation resolves to facilitate adoptions of international special needs children, by providing financial grants for adoptive families. They are a non-profit 501 (c)3 foundation dedicated to informing families about the necessity of adopting special needs children. The Seedling Gift Program was designed to help reduce financial and medical expenses through grant money.
- Resources 4 Adoption
c/o Agenda Enterprises and Consulting, LLC.
PO BOX 519
Eudora, KS 66025-0519
Resources4Adoption is the one trusted source for the most up-to-date and accurate listing of adoption grants and loans. The Adoption Grants and Loans Database with close to 90 adoption funding sources is available. Resources4adoption also provides adoption fundraising ideas, other adoption financing tools, information, resources and support.
Click HERE to learn more about Resources4Adoption!
- The Gift of Adoption Fund
P.O. Box 567
2001 Waukegan Road, 5th Floor
Techny, IL 60082
Gift of Adoption Fund is a non-profit 501(c) (3) organization, whose mission is to provide grants to give children a family forever. Grants are awarded on a monthly basis ranging from $1,000 to $7,000, but average about $3,500. Gift of Adoption Fund provides the last bit of assistance that helps to bring a child home. The Fund has no agency or religious affiliations and is willing to assist any qualified U.S. citizen adopting from anywhere in the world. Applicants are required to have an approved home study, and are evaluated on a set criteria which includes financial need; special needs of the adoptive child; and family circumstances. Applicants may apply up to three times.
The Sparrow Fund is an organization committed to encouraging and supporting families as they prepare for the adventure of adoption. We do this by providing grants to families in financial need to enroll in programs specifically designed to provide counsel and comprehensive medical reviews of their referred child.
Adoptive families can become overwhelmed by the financial costs of adoption. Participating in a program like this is an added expense that is difficult to manage. There are so many unknowns when it comes to adoption, and we believe that preparation plays a significant part in making the unpredictable road of adoption a little more smooth. These programs offer invaluable services to help prepare the adoptive family as well as their child.
The Sparrow Fund was started because we do not want anything to be an obstacle in the adoption process. We are committed to see ONE MORE child with a forever family and ONE LESS orphan in the world.
- A Child Waits Foundation
Cynthia and Ralph Nelson
1136 Barker Road #12
Pittsfield, MA 01201
A Child Waits Foundation gives financial assistance to those who choose to internationally adopt special needs or older children above the age of 5. Their mission is to help save children who would otherwise be living their childhood in orphanages. They determine financial assistance based on child’s eligibility of age or developmental or physical and medical needs, parents financial status, and the availability of funds at A Child Waits Foundation. Grant amounts range, but do not exceed $5,000. The application and process of grants must be completed before the child is brought to the United States.
- The Orphan Foundation
The Orphan Foundation is a 501 (c)(3) non-profit organization that offers grants to families amounting to $1,250. A considered family must be approved by their board of directors and have a completed home study. They aren’t accepting new requests at this time.
Perpetual Change is a 501(C)(3) non-profit organization that exists to inspire change. It does not take much for one to greatly affect the life of another. They provide grants to applicants every 4 to 6 months depending on availability of funds. There is a required $20 application fee for their both grant and fundraising program.
- Help Us Adopt
PO Box 20435
New York, NY 10021
Help Us Adopt is a non-profit organization that supports individuals or couples with financial grants for domestic, international, foster, or special needs adoption expenses. Grants are given up to $15,000. Applications are due twice a year in June and December.
- Both Hands Project
PO Box 2713
Brentwood, TN 37024
The goal of Both Hands is to make the financial mountain (of adopting a child) into a penny mole hill. They provide financial assistance to religious families that are adopting a child. To be considered for this grant families must send in financial information, a home study, and answer a few short answer questions. The review process takes about 2 to 3 weeks.
- God’s Grace Adoption Ministry
PO Box 4
Modesto California 95353
God’s Grace Adoption Ministry is a non-profit Christian organization that works with Christian families. Each grant usually varies between $1,000 and $4,000. Christian families are a must; however the income level must be below $60,000. Families with previous children are welcome. The application is available online. Help is given in the form of a matching grant with an average of $2,500.
- LifeSong for Orphans
PO Box 40
Gridley, IL 61744
Phone: 309-747- 3556
LifeSong for Orphans provides adopting families with the opportunity for matching grants or interest free loans. They are a Christian based program, who caters to the needs of married Christian couples to help lighten the financial load of adoption. Matching grants usually amount to $2,000-$4,000, while the interest free loans have manageable monthly payments and families may utilize the Federal Adoption Tax Credit..
- The Sea of Faces Foundation
19615 W. Top O The Moor Dr.
Monument, CO 80132
Sea of Faces is a 501(c)(3) non-profit organization which provides financial assistance to Christian families adopting internationally. Grants ranging from $1,000 to $3,000 are awarded every calendar quarter pending on available funds. A small donation is requested to download application. Those in need can apply if they meet the following criteria:
1. Are legal residence of the United States
2. Have a referral from a child in a developing country
3. Have a completed home study
4. Have an approved I-171H and I-797C
5. Are a married couple, one man and one woman
6. Both individuals are professing Christians
- Katelyn’s Fund
1327 3rd Ave. SE
Sioux Center, IA 51250
Katelyn’s Fund is a support ministry to help adoptive parents looking to add a family member to their household. This foundation provides awareness, support, and financial grants up to $3,000 to assist with the adoption process. The applicants must be married and have a Christian background as well.
- Show Hope
PO Box 647
Franklin, TN 37065
Show Hope was founded by renowned Christian performer Steven Curtis Chapman and his wife Mary Beth. It exists to care for orphans by engaging the church and helping Christian families reduced the financial burden of adoption through, special grants and fundraising opportunities. Their recently broadened agency requirements have changed to accept families using any non-profit adoption agency.
- Golden Dawn Adoption Assistance, Inc.
4304 South El Camino St.
Taylorsville, Utah 84119
Golden Dawn Adoption Assistance Inc. is a 501(C)3 non-profit organization that provides grants to many religiously active families, including Latter-day Saints. Since October of 2008 they are happy to report that they have been able to award grants to eighteen families totaling over $35,000.00
- The Micah Fund
2112 Broadway St. NE, Suite 100
Minneapolis, MN 55413
The Minority Infant and Children Adoption Help (MICAH) Fund, was established in 1990. It was born out of a need to facilitate the adoption of minority children whose birthparents desired to voluntarily release them in adoption. The grant program is focused towards Christian families living in Minnesota. They also provide a matching grant, whose application is available through e-mail or phone contact.
- HANDinHAND Christian Adoption Inc.
18524 Juniper St.
Gardner, KS 66030
HANDinHAND Christian Adoption Inc. is a private operating foundation that was created in 2007. They support adoptive couples and families by providing financial help through matching grants. HANDinHAND provides resources and step by step help to guide parents through the process of raising money for a matching grant. Adoptive parents must submit a copy of their completed homestudy along with the completed application. They will not be accepting applications postmarked between November 7 2012 and February 1, 2013.
2730 French Road. N.W.
Olympia, WA 98502
This program is for Washington state residents only. Ibsen Adoption Network is a private non-profit organization. Their soul purpose is to create a network and to generate funds that will provide financial assistance, educational and emotional support to families adopting special needs children. The Ibsen group has given over $450,000 in small grants since 1998!
- A Child Waits Foundation
c/o Cynthia and Ralph Nelson
1136 Barker Road #12
Pittsfield, MA 01201
A Child Waits Foundation is a non-profit charitable foundation with a simple goal: to reduce the number of international children who are not adopted because prospective parents do not have the savings (finances) to pay for the total cost of the international adoption. This foundation helps parents with costs by making low interests loans which cover a portion of the adoption fees. Eligibility is based on financial need, with each case being judged individually. The maximum loans given are $10,000 the interest rate set at 5%. Grant amounts are based on several factors, but will not exceed $5,000.
- Adoption Loans through America’s Christian Credit Union“Since 2009, over 800 children have found their forever family through the Adoption Loan Program from America’s Christian Credit Union. We are passionate about supporting the work of organizations that are helping 143 million orphans worldwide.”
- State Non-Recurring Subsidy
NACAC’s Adoption Subsidy Resource Center. The following states will provide one-time reimbursement for non-recurring subsidy of an internationally adopted child. Amounts vary by state up to $2000 per child, and require that the child meet state criteria for subsidy: AL, AK, GA, HI, ID, IA, KS, MD, MI, MN, MS, MO, NE, NH, OH, OK, SC, SD, VT. Many states (whether or not they allow for subsidy) offer a state tax credit for adoption. There is often an added benefit program for those who adopt children classified as “special needs” (often considered correctable). Sometimes these subsidies can apply to international children.
- State Non-Recurring Subsidy
- Pure Charity
Pure Charity provides a safe and tax-deductible way for others to give funds for your Adoption costs. Funds collected through Pure Charity are sent directly to your Adoption Agency.
At Pure Charity, we know that the journey of adoption is not easy, and that has driven us to create some incredible resources to help you cover the tremendous cost of adoption. We have created simple tools to help you raise money for your personal adoption, so that you can focus on the greatest part of this process…welcoming a child into your family.
- Affording Adoption Foundation
PO BOX 834
Nixa, MO 65714
Since 2010, Affording Adoption Foundation has awarded $27,550 to 22 families. Their mission is to help more children find their forever families by providing financial assistance in the form of grants to prospective adoptive parents.
- A Mother’s Love Fundraising
3 Blueberry Lane, Andover, NJ 07821
Phone: (908) 850-3599
Adoptive mother Valerie Gagnon helps families seeking to adopt organize fundraisers.
There’s no way around it, fundraising will make or break a nonprofit organization’s opportunity at achieving true sustainability. Fundraising is multi-faceted, absolutely vital to turning a single vision into a life-changing reality.
This is your opportunity to make a larger footprint through your cause. You can save lives by providing employment to countries in need, repurpose metric tons of unrecyclable materials from landfills, create good will, and ignite the fire to make a difference; all while raising revenue for your organization.
Funds2Orgs gets your entire team and donors involved in a roll-your-sleeves-up, engaging experience that will leave powerful, lasting impressions on the minds of everyone involved. Simply by collecting, distributing, and repurposing discarded shoes, clothing, purses, and electronics; we are able to turn your fundraising drives into s for you.
- Adoption-Friendly Workplace
This program provides information about adoption benefits to employers and employees in both the public and private sectors. Funded by the Dave Thomas Foundation for Adoption, the project maintains a database of employers with adoption benefits – financial reimbursement, paid and/or unpaid leave time, and resource and referral services. This list is updated regularly and can be found on this site. As a result of this program, nearly 450 employers have implemented or improved adoption benefits, impacting over 2 million employees nationwide.