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Home > Funding Adoption: Adoption General Information Packet 2
Funding Adoption: Adoption General Information Packet 2
You can print the complete packet as well as view and print the individual factsheets included in the packet.
Funding Adoption: Adoption General Information Packet 2
This collection of materials provides an overview of the costs involved in the adoption process as well as sources of financial assistance. The papers address the basic costs of adopting, adoption assistance for children adopted from foster care, employer-provided adoption benefits, and ways to make adoption more affordable.
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Contents of Packet
Costs of Adopting
This factsheet provides cost estimates for domestic and intercountry adoptions. Agency fees, legal fees, home study expenses, and foreign country expenses are considered. The factsheet also includes information about adoption benefits, such as Federal tax credits, state tax credits, subsidies, and adoption loans and grants. A brief list of additional resources is provided.
Adoption Assistance for Children Adopted From Foster Care
In every State there are children with special needs waiting in foster care for adoptive families. The most recent data estimate that 126,000 children are available to be adopted from foster care. In the past, the costs of care and services were major obstacles to parents who would otherwise adopt and love these children, and most were not placed for adoption. The Adoption Assistance and Child Welfare Act of 1980 provided the first Federal subsidies to encourage the adoption of children from the nation's foster care system. These subsidies, known as adoption assistance, serve to minimize the financial obstacles to ...
Employer-Provided Adoption Benefits
This fact sheet explains the types of employee and tax benefits that are available to adoptive parents, from financial assistance and parental leave to tax credits for adoption expenses. Eligibility for such benefits is briefly discussed, and resources about employers offering adoption benefits are provided.
How to Make Adoption an Affordable Option
This booklet is written for people who would like to consider adoption, but are concerned that the process is beyond their means. It is also useful for those families who may not have thought about some of the financial aspects of adoption. The work reviews expenses common to most adoptions, as well as those that are unique to the adoption of waiting children, independent adoptions, and intercountry adoptions. The booklet offers suggestions for obtaining financial assistance and tax breaks available to adoptive parents, exploring 6 common myths about adoption. A summary checklist is provided for adoptive parents. A resource list ...
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