Financial Assistance

Adoption Finances
Many people discover that adopting a child/children can put a serious strain on family finances. Fortunately, with careful financial planning, adoption can be an affordable option for families. Below are a few of the current resources available to help. If you discover any additional resources, please let your worker know so that we can share the good news with other hopeful families!

Tax Benefits
For the 2006 tax year, you may be able to take a tax credit of up to $10,960 for qualifying expenses paid to adopt an eligible child. The adoption credit is an amount that you subtract from your tax liability.

www.adoptiontaxcredit.com

Fore Adoption Foundation

www.foreadoption.com

Gift of Adoption Fund
The Gift of Adoption Fund's mission is to provide financial assistance in the form of grants to adoptive parents.

www.giftofadoption.com

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 or check out this list.

www.adoptionfriendlyworkplace.org

McDermott, Will & Emery's
Kids First Initiative Adoption Assistance Plans Model

www.mwe.com/info/adoption/

Military Adoption Benefits
An active duty member of the military services may be reimbursed for qualifying adoption expenses up to $2,000.

www.nmfa.org/site/PageServer?pagename=reus_adoptionintro

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.

http://www.achildwaits.org