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Could We Afford to Adopt?

Finding the money to turn your adoption dreams into reality

by Mary O.  |  3310 views  |  2 comments  |        Rate this now! 

A charitable organization that offers grants to adoptive families is The Gift of Adoption Fund. This organization provides financial assistance to moderate- and low-income families seeking to adopt. They are most often help families experiencing extraordinary hardship, such as those adopting a child with medical special needs. To apply you must have a complete homestudy. Grants are up to $5,000. There is a $20 application fee.

God’s Grace Adoption Ministries is another organization that offers grants to families currently in the adoption process. They assist two-parent, Christian families who make less than $60,000 a year. Grant amounts range from $1,000 to $4,000, and a $10 application fee is charged.

Another option is the National Adoption Foundation. This foundation allows you to earn adoption money by spending money with participating internet retailers. You register with a program called OneCause and earn contributions for the National Adoption Foundation -- 50 percent of which is disbursed directly back to you as a cash grant to be used however you see fit. The foundation even gives you a fundraising letter and a list of participating businesses, making it easier to ask friends and family to help add to your adoption account.

The money for our adoptions has come in a variety of ways. Once we received an unexpected inheritance. Once my husband sold a large piece of equipment. Tax refunds have helped more than once. But twice we have funded an adoption by refinancing our house. Some folks question the wisdom of going into debt for an adoption. Why take some of the equity out of your home? Why pay monthly interest? Is that really a sound financial choice?

Here's how I look at it. Most people think nothing of taking out loans for vehicles. People all over the U.S. right now are paying $200 or $300 or $400 a month for the privilege of driving those cars -- vehicles that will be rusty soon after paying them off. How could the presence of a child in your life be a less valuable?

Decide what you value, and invest your money there. If you are determined to make adoption work for your family, the money will come. In the words of my husband when we decided to refinance our home to fund our first adoption, "What better investment is there than to invest in a person?"

About the Author

Mary is a mom of 10; she blogs at Owlhaven. Her book, "A Sane Woman’s Guide to Mothering a Large Family," will be available for pre-order on in early 2009.

Read more by Mary O.

2 comments so far...

  • I've always thought that i would adopt someday, but didn't know how I'd ever pay for it. Thanks for the information.

    Flag as inappropriate Posted by mamajama on 22nd May 2008

  • Terrific suggestions - thanks! I have often wondered how people manage to pay all the fees involved and now I realize, as you say, that it doesn't all come due at once. Good to know!

    Flag as inappropriate Posted by Diane on 12th May 2008