When looking for financial assistance to help reduce the cost of international adoption, many organizations that can help. Knowing a little about the types of aid and what you need to apply can make this process easier and more successful.
Adoption Grants are an excellent way to help finance your adoption. Many organizations provide grants to help cover adoption expenses.
Family Sponsorship is another common way to help finance your adoption. You would usually place your profile on the organization’s website. Family, friends, and other interested people who see the site make donations toward the adoption costs and expenses.
Adoption Loans are also available to help cover the adoption costs and are usually low interest or interest-free.
Most organizations have a thorough application process. It could include financial information and tax returns. If applying to religious or faith-based organizations, you should expect to submit a statement of faith and references from your priest or pastor. Applicants are usually required to have an approved home study to ensure they qualify for international adoption. Most organizations will allow applicants to receive support from multiple sources but speak to them on this issue when submitting your application. The grant, sponsorship, or loan is usually paid directly to the adoption agency, and the agency credits the amount from the final payment. If the assistance is more than the agency’s balance, the agency should send the remaining funds to the family.
Since there is usually a fee due with the application, you should do a little research on the organization before applying. Establish communication with the organization and ask them about their project and if they are accepting applications. If it is not on the website, ask how many grants they have given and denied. They might review applications or disperse them in cycles. If so, make sure the timing works for your adoption. Select organizations that are a good fit and purpose align with yours. If you are considering using an organization for family sponsorship, be prepared to build a team that will help you solicit donors. The organization will guide you, but this requires active fundraising from the adopting family.
For a list of many of the organizations that assist families in reducing international adoption costs, click here. If an organization is not on the list that you think should be included, let us know.