Adoption expenses can feel overwhelming, but there are many practical and creative ways to make those expenses manageable. Explore seven options to that can make a difference in your family’s adoption journey.
Starting the adoption process is an exciting and hopeful time as you imagine welcoming a child into your family. But the financial aspects of the journey can feel daunting. Finding ways to fund an adoption can take time and vulnerability, but the effort reflects qualities that matter in parenting. Being willing to seek resources, ask for help and stay committed through challenges builds resilience and problem-solving skills you’ll continue to use as a parent.
1. Grants
One of the most meaningful ways that hopeful parents have offset costs for their adoptions is to apply for grants. Organizations like Gift of Adoption and Help Us Adopt offer opportunities to apply for financial assistance.
Most grant applications require an approved home study. They may ask for documents and references that you have provided to your agency. Talk to your counselor, who can help provide the documents you need.
Requirements vary widely between organizations, so look for grants that fit your family’s situation. Even if you don’t meet each requirement, it may still be worthwhile to apply, as grant funding may go unused due to lack of applicants. While the process of applying for grants can be time consuming, they can make a substantial difference. Make sure to watch for deadlines and stay organized to make the most of these opportunities.
2. Loans
There are loans available specifically to help cover the costs of adoption. While a loan doesn’t reduce the overall cost, it can provide a structured way to manage payments and move forward with an adoption on your family’s timeline.
3. The Adoption Tax Credit
The adoption tax credit is a federal tax benefit that helps families offset the costs of adoption. It allows you to claim a portion of qualified adoption expenses such as adoption fees, court costs, attorney fees and travel expenses on your federal income tax return. Your state may have additional adoption tax benefits.
Because tax regulations change year-to-year, it can be helpful to work with a trusted tax expert with experience in adoption, such as Bill’s Tax Service. Talk to your counselor to see if they have recommendations. You can also get trusteed tax advice in StageWise Parenting class exploring the adoption tax credit.
4. Workplace Benefits
Many workplaces offer assistance for adoption-related expenses. Some companies allow reimbursements throughout the adoption process, while others only provide them once the adoption is finalized. Be sure to ask your employer if they offer adoption reimbursements and how the process works. Certain career paths and backgrounds, such as veterans and railway workers, have specific adoption benefits.
It’s also important to understand how these reimbursements may impact your taxes and interact with the federal adoption tax credit. Connecting with your HR department or a tax advisor can help you make the most of both benefits.
If your employer doesn’t currently offer adoption benefits, you can take the lead in starting the conversation. Don’t be afraid to ask about what’s available and advocate for more inclusive support. The Dave Thomas Foundation ‘s Adoption-Friendly Workplace Toolkit is a great starting point, offering sample policies, best practices and real-life success stories.
5. Crowdfunding
Some families turn to crowdfunding sites, like GoFundMe, to help raise money. Adopt Together is an adoption-specific platform where donations are tax-deductible, making it a great option for funding your adoption journey.
6. Creative Fundraising
Many families find success in creative, hands-on ways to raise money for adoption. This can be especially important if you need help funding your home study process, which is often not covered by grants. One family hosted a garage sale, asking family and friends to bring items to sell. All the proceeds went towards their home study fees, and this family was able to cover the full amount.
Meeting with a financial planner to adjust your monthly budget can also open up possibilities you haven’t considered. Even small contributions can add up over time!
7. Your Community
It can feel vulnerable and uncomfortable to ask your community for help, but many family members, friends and faith communities are eager to step in. Being honest about your financial needs gives them a clear way to provide the support you actually need. Building a network of support is part of the long-term commitment of parenting and sets a foundation your family can rely on in the years ahead.
Resources to Get Started
Most families won’t be able to cover the entire cost of their adoption through one source, but every bit of support helps. To explore more options and get started, check out The Cradle’s The National Council for Adoption also maintains a helpful list of resources.
If you need guidance as you navigate the adoption process, reach out to your counselor, who is available to support you. If you are interested in learning more about adopting a child, visit our Adoption Services page.
