funding an adoption Archive
Tax Credit Updated
Abba Fund:
For the year 2010, the maximum adoption tax credit will be $12,170. The IRS updated this figure as part of their annual update for several inflation-indexed figures as released in Revenue Procedure 2009-50.
The adoption credit is scheduled to sunset at the end of the year 2010, and revert back to its pre-2001 dollar limit [...]
Adoption Financial Assistance
Christian Adoption Services has one of the largest lists of potential avenues for financial assistance in your adoption that I’ve seen. Go here to see their list.
“What Does Adoption Cost?”
From Jason Young:
“The number one question Stacy and I get is, “Isn’t adoption expensive? How much did it cost you?”
“A lot,” I reply.
They go on, “How much specifically?”
I say, “A child does not have a price tag. However, there are adoption costs. The cost for our international adoption process was $26,000.”
They respond with, “Too expensive. [...]
Fundraising Ideas
From the Abba Fund blog:
“With the average adoption costing between $20,000 and $30,000 interest-free loans can be helpful but they don’t cover the whole cost. Here are a few creative ideas that other adoptive couples have used and God has provided through to fundraise for their adoption. Feel free to add your own ideas in [...]
But What About the Money?
I really enjoyed this article from Randy Bohlender on raising money for your adoption:
“The most common objection we hear about adoption involves the cost. It seems a lot of people have a heart for adoption but not the stomach for the cost. While some fees can be avoided (that’s a long post for another day), [...]
Funding An Adoption
This article on how to fund an adoption is taken from the Abba Fund blog:
Federal Adoption Tax Credit
Currently the federal adoption tax credit provides a credit of up to $12,150 per child (2009) for “qualified adoption expenses.” This credit has helped many couples plan and finance their adoption. Additional details about the Federal Adoption Tax [...]
Naomi’s Fund Interview
Southeast Christian Church in Louisville, KY has a generous adoption fund known as Naomi’s Fund. Russell Moore briefly interviews (about 3 and a half minutes) the couple that started Naomi’s Fund about starting a church adoption fund.
Listen here
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