Financing an Adoption

Adoption Tax Credit
In 2003 The federal government (Internal Revenue Service) began offering a tax credit to families to help offset adoption expenses. This credit is applicable to both domestic and international adoptions, and is taken in the year the adoption is finalized.  For more information about this benefit, visit the IRS website and read Topic 607 - Adoption Credit.

Grants and Financial Assistance

Family Resource Center is pleased to be able to offer child-specific grants to those adopting though our African-American Program. We also have financial assistance available to families who might not otherwise be able to afford adoption. Please call us on (773) 334-2300 to learn more about our financial aid options.

Company Funding

Many companies offer adoption assistance programs (AAPs) to employees as part of their benefits package. The adoption stipend, designed to cover some or all of your adoption expenses, often comes under the company's maternity benefits. Contact your benefits advisor or Human Resource Department and ask if they provide financial support for adoption.