It is fundraising time now, since most of the costs of the adoption will be due before the Dossier is logged (sent to China). Travel costs will come later. Since we’re trying to speed the whole process along, we won’t be doing much (if any) of some of the fundraising ideas of hosting events, garage sales, auctions, crafts, etc.
There are some wonderful organizations that give grants and interest-free loans to some applicants. Surprise… each of those has extensive paperwork involved also ;-D. We have applied for 2 grants (received one so far!), and one adoption loan. Shepherd’s Crook has also generously agreed to give of their time and effort in setting up a donation account for “Guan Yan” so anyone who feels led to may make a tax-deductible donation (see side bar). And we’re exploring equity loans. The IRS has a wonderful adoption tax credit for expenses of up to $12,150 (if the adoption is completed this year). That is only a credit against the taxes you owe… so it’ll be over 5 years before we get that back, but what a blessing to be able to pay a loan with!
Fundraising is another whole area that we never had to deal with in our domestic adoptions. When a couple are foster parents and adopt from their, or another state’s, foster care system, there are virtually no adoption costs involved. Or you can probably get them back as a tax credit within one year. International adoptions seem to run from $19,000 to $30,000 from all I hear. Yan’s adoption will probably reach $27,000 as nearly as I can figure right now, in part due to higher legal expenses, and a higher, mandated orphanage donation. Who gets all that money??!! Here’s a quick breakdown for those who are interested:
Homestudy........................$2000
Agency Application...............$ 200
Dossier Filing fee...............$2795
Agency Fee.......................$5360 (we got a $3000 agency grant towards this one!)
Translator in China..............$ 0 (included in agency fee)
Bkgrd checks, certificates.......$ 110
Immigration fees.................$ 830
Orphanage Donation...............$5000 (this is non-optional in China)
Notarizing, Authenticating.......$ 700
Travel (estimated)...............$5000
visas/passports..................$ 110
10hrs Hague required training....$ 170
Legal fees.......................$3000
caregiver while in China.........$1000
Post Placement visits............$ 750
.................................=====
Estimated Total.................$27025
Our Homestudy agency is local (did the homestudy and will do the required three post placement visits), while our International Adoption Agency is out of state.
THANK YOU to Shepherd’s Crook, our agency, and all of our dear friends who filled out and mailed in references!! :-) This adoption ends up needing a lot of people involved!
But again, prayers are our number one need. Thanks!