Let’s picture it for a moment. You’ve decided to expand your family and immediately begin researching adoption. Your excitement is palpable, your
friends and family members are sharing in your happiness, and then you have a thought that never occurred to you before: How in the world am I going to afford this? Don’t worry, you’re not alone. For thousands of families exploring adoption, cost can be a scary factor. Luckily, with these grant options, these hurdles can be easily maneuvered. Read on to learn a bit more about four different grant opportunities that help adoptive families around the United States on a daily basis.
Non-Profit Organizations and Foundation Grants
Many non-profit organizations and foundations offer grants to adoptive families to aid in the adoption process. These grants generally cover between $3,000 and $7,000 of adoption costs and operate similarly to student loans in terms of eligibility. Grants are offered to families depending on certain demographics and occupations. Teachers, for example, are often given these grants, as are military families. Non-profit and foundational grants are offered for domestic and international adoption. For more information on these grant opportunities, please visit the Child Welfare website.
In today’s competitive job market, we often see employers doing their best to give their employees amazing job perks. These can include on-site daycare for children, on-site gymnasiums and casual Fridays. Luckily for those considering adoption, these benefits can also include adoption grants. Don’t be afraid to ask your employer if they offer adoption benefits. More information regarding adoption friendly workplaces can be found here.
Government Adoption Tax Credit
Over the years, this adoption tax credit has made it financially easier for families in the United States to adopt. Though the maximum amount offered peaked at $13,400 in 2016, it is important to note that these taxes are nonrefundable. Visit the IRS’ webpage for more information about this credit.
While military families may benefit from non-profit and foundational grants, there are other opportunities available to them as well. If you are a member of a military family, it is important to note that the United States government offers up to a $2,000 reimbursement for adoptive families. These military subsidies also include a guaranteed adoption leave of 21 days. More information regarding military subsidies can be found here.
Adoption can be a daunting process where finances are concerned, but these resources can significantly help individuals seeking to expand their families. For additional resources and information, visit Resources4Adoption. To learn more about adoption and the different services offered, please visit http://www.afth.org or call 610.642.7200.