Not sure how to finance your adoption? You are not alone. Fortunately, there are many ways to cover your adoption expenses, including tax credits, low-interest loans, adoption grants, and more.
At Adoption Support Center, our philosophy is “You will get the child you are meant to raise.” Our agency staff will work closely with you to explore all of your financing options.
Federal Tax Credit for AdoptionFinancing NorthPark Community Credit Union Visa Loan Program ASC Angels College Scholarship Fund Prosper Adoption Loans Adoption Grants & Interest-Free Loans
We are very pleased to report that Congress renewed the Adoption Tax Credit as part of the recent “Fiscal Cliff” negotiations.
The credit is now permanent and not refundable, meaning adoptive parents can get a credit based on their tax liability with up to five years
to take the full amount. The maximum credit is set at $12,970. Families with incomes under $194,580 will receive the full credit and it will gradually phase out by $234,580.
For more questions, call the IRS at 1-800-829-1040 or go to www.irs.gov/taxtopics/tc607.html
MasterCard, Visa, and Discover
ASC accepts these credit cards. Home studies, post-adoption follow-ups, and activation fees may all be paid by credit card. We prefer to not accept credit card payments for the larger advertising and placement fees, but will do so if necessary.
Many banks, both online and in your own neighborhood, may also approve adoption loans.
We are excited to announce a new option for adoption funding! ASC has partnered with NorthPark Community Credit Union to create a simple Visa loan program that we feel
will be of great interest and help to many adoptive families. Visit our webpage to find the details and read more about this exciting new financing option!
Prosper specializes in peer-to-peer lending, a popular alternative to traditional loans and investing options. They cut out the middleman to connect people who
need money with those who have money to invest.
Through Prosper, you can apply for unsecured loans for adoption expenses up to $25,000. You'll find that many of their lenders actively seek worthy causes,
like funding loans for adoption. Their lenders look at more than just numbers. Although a good credit score helps, you'll also be able to tell your story
about why you're applying for an unsecured loan for adoption. This is just a small part of how they differ from other lenders.
Visit Prosper.com and find out more on how to join Prosper and learn more about how Prosper works.
A Child Waits www.achildwaits.org
A Child Waits offers low-interest loans for international adoptions in amounts up to $10,000 per child. The organization lends to families who can financially support a child and repay the loan, but who do not have the funds on-hand to adopt.
Child of the King Fund www.childofthekingfund.org
A non-profit organization that is dedicated to empowering the body of Christ to care for orphans by breaking down financial barriers and promoting the true meaning of adoption for people throughout our community and our nation.
God's Grace Adoption Ministry www.ggam.org
God's Grace Ministry seeks to help Christian families overcome the financial burden of adopting children in the form of adoption grants or assistance in adoption fundraising.
Helping Kids Cope www.helpingkidscope.com/request-help.htm
Helping Kids Cope assists home study-approved families in defraying adoption costs through grants.
Help Us Adopt www.helpusadopt.org
Helpusadopt.org is a national non-profit financial assistance grant program providing qualified couples and individuals with grants of up to $15,000 towards their domestic, international, foster, or special needs adoption expenses.
Home for Good Foundation www.hfgf.org
Offers resources, grants, loans and matching funds, focusing on adoption of older children, children with special needs and sibling groups. For more information, visit their website or call (541) 479-5926.
International Adoption Resources www.internationaladoptionresources.orgIAR has established both grant and corporate partner travel programs to alleviate the financial barriers to international adoption. The grant program is open to all legal international adoptions. Katelyn's Fund www.katelynsfund.org
Speaking boldly for the fatherless, advocating that all children, regardless of circumstance, race, or origin, deserve a loving, Christian home, and encouraging families being called to adopt, through financial grants and emotional support.
Lifesong for Orphans www.lifesongfororphans.org
Lifesong offers matching grants (ranging from $2,000-$4,000), which encourage the adopting couple's church family to financially and prayerfully support the adoption. In addition, The Lifesong Legacy Fund offers interest free loans to help couples overcome the high cost of adoption.
Lydia Fund www.lydiafund.org
The LYDIA Fund helps deliver youth from institutions by helping married Christian couples to pay for the overseas portions of their adoption expenses. The money we use in this supporting role comes totally from donations from individuals and organizations that choose to support us. Without this God-given support, The LYDIA fund would be unable to function.
National Adoption Foundation fundyouradoption.org
The National Adoption Foundation provides financial assistance, services and support to families, before, during and after their adoptions are finalized. The Foundation's programs are available to any family whether they are adopting an infant, a child from abroad or a child from foster care.
Show Hope www.showhope.org
This group awards financial grants to qualified families already in the process of domestic and international adoptions. Contact them at (615) 550-5600 or visit their website.
* Please note, these resources are provided for your information. Inclusion here does not represent an endorsement by Adoption Support Center.
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6331 North Carrollton Avenue, Indianapolis, IN 46220 | (317) 255-5916 | 800-274-1084
Indiana State License #58002
6331 North Carrollton Avenue, Indianapolis, IN 46220 | (317) 255-5916 | 800-274-1084
Indiana State License #58002