Financing

From the Executive Director,

When Debbie and I chose to adopt internationally in 1982, one of our first obstacles was the adoption expenses that we needed. Well…we sacrificed, worked extra hours and quickly set aside the adoptive fee for our firstborn. Three years later, we were blessed by an aunt who offered a “no interest” loan. Seven years later we were adoption-debt free. We never once regretted the investment and or complained about the cost. And “no,” we didn’t complain to the adoption agency that relied on donations from others just to survive and to help keep our fees lower.

Today, adoptive couples are blessed with a federal tax credit of approximately $11,400 (as of 1/1/2007). Combining the federal tax credit with state tax credits ($2,500 in Mississippi), savings, bank or family loans, judicious use of credit cards and outside grants (there are a few available) provides the resources necessary in most cases for financing and adoption.

I’ve never heard one set of adoptive parents complain about the cost…cost is a secondary factor to the joy of parenthood.

At New Beginnings International Children’s & Family Services we strive to keep our fee scale as low as possible. If we can help with other ideas or suggestions, please don’t hesitate to call.

Tom Velie