02/25/2025
WASATCH ADOPTIONS – Funding Options for Families
Adopting a child is a life-changing and beautiful experience, but it can also come with a significant financial cost. From agency fees to legal expenses, the process can feel daunting for many families. The good news is that there are a variety of options available to help make adoption more affordable.
1. Adoption Grants
A Child Waits Foundation Grants
https://www.achildwaits.org/international-grant-program
Show Hope
https://showhope.org/our-work/adoption-aid/apply-for-an-adoption-aid-grant/
LifeSong
https://lifesong.org/adoption/apply/
Gift of Adoption
https://giftofadoption.org/apply-for-a-grant/
“Say Yes” to Adoption is a part of ‘Open Hearts for Orphans’
https://openheartsfororphans.org/adoption-grants
ABBA
https://abbafund.org/how-we-can-help/
Reece’s Rainbow - FSP (Family Support Program) and Grant Info through RR:
You are welcome to set up an FSP profile page with us for fundraising purposes once you have signed on with a US Hague accredited adoption agency and have contacted a home study agency. You are also welcome to apply for the child's Reece's Rainbow adoption grant at that time if the child is eligible for one. The FSP/Grant Application Forms will need to be submitted back to Reece's Rainbow fully completed, along with the $25 application fee. More information about our FSP program with additional information can be found here: http://reecesrainbow.org/fsp.
2. Adoption Tax Credit
Families are often unaware that The U.S. government offers a tax credit for adoption-related expenses, which can provide a significant financial break. If you adopt an eligible child, you can claim the Adoption Credit on your federal income taxes for up to $16,810 in qualified expenses as of 2024. To learn more go to https://www.irs.gov/credits-deductions/individuals/adoption-credit. Be sure to also check with a tax professional to ensure you meet the eligibility requirements.
3. Employer Adoption Benefits
Some employers offer adoption-related benefits, such as financial reimbursement or paid leave. Be sure to ask your HR department about available programs.
4. Alternative Funding Sources
While grants are valuable, many families turn to additional funding sources to cover the total costs of adoption. Crowdfunding platforms, such as GoFundMe or AdoptTogether, allow adoptive families to share their adoption stories and raise funds from friends, family, and even strangers. Fundraising events, such as bake sales, auctions, or charity runs, are also popular ways to generate support for adoption expenses. These alternative funding methods can complement traditional grants and provide the financial boost needed to complete the adoption journey.
For more information on funding options or to get support, contact Kathy at Wasatch Adoptions, [email protected]. We are here to help you every step of the way.