There are many ways to finance your adoption such as grants, foundations, loans, fundraising, reimbursement programs, etc. Below you will find some financial assistance options that we hope will help to make your dreams of adopting that special child come true.
GRANT PROGRAMS
The Gift of Adoption Fund: The Gift of Adoption Fund is a non-profit foundation. Gift of Adoption Fund is established to assist adoptive parents by providing cash grants to subsidize a portion of the costs of adoption. Grants are awarded on a monthly basis with sums ranging from $2,000 to $5,000. The grants are available to single parents, families with previous children, and prospective adoptive parents who are adopting internationally, interpedently or through an agency. Applicants may apply up to three times. www.giftofadoption.org
National Adoption Foundation: This program is open to all legal adoptions of non-related children including private adoption, agency adoption, international adoption, or special needs adoption. There is a simple one page application to fill out and the primary requirement for eligibility is a home study (either completed or in process). The Foundation's board meets four times a year, during the last week of each quarter, to award grants in amounts ranging from $500 to $4000. www.nafadopt.org
God's Grace Adoption Ministry: God's Grace Adoption Ministry Inc. was established as a non-profit organization to help provide needy children of the world with Christian families by helping adoptive-parents overcome the financial burden of adopting children. It is the belief of GGAM that the placement of children into Christian homes ministers to a child's physical and spiritual well being. Depending on the individual family needs, financial assistance is available in the form of grants and interest free loans. www.ggam.org
Home for Good: Home for good ministry focuses on adoption of older children, children with special needs and sibling groups. They offer resources, grants, loans and matching funds to encourage more families to adopt, and to ensure the success of those who undertake adoption. www.hfgf.org
Shaohannah's Hope: Shaohannah's Hope is dedicated to helping prospective adoptive parents overcome the financial barriers associated with adoption by awarding financial 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. www.shaohannahshope.org
TMG Foundation: TMG Foundation encourages God’s people to adopt a child by relieving some of the financial burden of adoption. They offer “Matching Grants” to help mobilize the Body of Christ (your church, family, and friends) to come alongside you and make an eternal investment in the life of an orphan child! They will match (dollar-for-dollar) the amount you raise up to a pre-determined amount. www.tmgfoundation.org
Hey don't forget about the adoption tax credit which is around 12k. My wife and I took out a home equity line of credit for our first adoption. Some companies also offer adoption grants. Wendy's is a big supporter of adoption. There's also borrowing from a 401k.
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