RESOURCES THAT MAKE ADOPTION AFFORDABLE
Adopting a child can be a tremendous source of fulfillment and joy, but the adoption process does present some challenges. The financial aspect of adoption can be daunting for many families. Depending on which adoption program you choose, adoption can be expensive. There are many financial resources and strategies available for all families, from all economic situations.
YOUR ADOPTION FINANCE COACH
To help you navigate the world of adoption financing, Forever Bound has partnered with Your Adoption Finance Coach, a comprehensive system that includes live coaching, on-demand training videos, budget and planning templates, and an online gift registry service, to provide adoptive families with the tools they need to create a customized financial plan to fund their adoption.
Your Adoption Finance Coach services are now free for our Forever Bound families. With Your Adoption Finance Coach, Forever Bound families will have access to training and funding application templates, one-on-one consultations, assistance with creating and implementing a finance plan, opportunities to join an adoption finance boot camp, and more.
ACCESS YOUR ADOPTION FINANCE COACH
You can learn more about Your Adoption Finance Coach by visiting their portal.
Current Forever Bound families: Please email us to create a login for immediate access to the Your Adoption Finance Coach portal resources. Once you’ve logged into the portal, you will have access to the many resources made available through this service.
ADOPTION FINANCIAL AID & GRANTS
A number of organizations provide financial aid and grants to adoptive families. We have collected information about such organizations to help you find the resources that meet your family’s needs.
Many employers offer adoption benefits. If your employer does not offer adoption benefits, your company might be willing to consider becoming a more adoption friendly workplace. Speak with your HR department to determine what benefits your employer offers. If benefits are available, be sure to use them! If not, consider providing your employer with an Adoption Friendly Workplace kit from the Dave Thomas Foundation.
EDUCATIONAL RESOURCES FOR FUNDING ADOPTION
Debt-free Adoption Webinar | Julie Gumm, Adoptive Mother and Author, Adopt without Debt: Creative Ways to Cover the Cost of Adoption, talks about strategies you can use to adopt a child debt-free.
How to Afford Adoption | For Creating a Family with Dawn Davenport, Dawn interviews the director of the Dave Thomas Foundation for Adoption and the founder of affordingadoption.com. Topics include grants, loans, tax credits, employee benefits, and fundraising for adoption.
Resources4Adoption | A one-stop resource for grants, loans, and advice about funding your adoption.
Adoption Fundraising Infographic | Find ten resources, fun activities and fundraising campaigns that will help offset the cost of adoption.
CREATE A PAYMENT TIMELINE
A payment timeline allows agency fees and adoption costs to be staggered over the course of the adoption process, enabling you to plan ahead for costs, but making it unnecessary to have all of the fees in savings when you begin the process. The fees are broken down and collected in increments, with the majority of the costs due at, or shortly after, the time you receive referral information about a child. The entire amount will need to be paid at or before the time of placement.