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  • March 09, 2022 11:00 AM | Anonymous


    Tax season is upon us and if you are in the adoption process then you know that adoption is expensive and those expenses and rack up pretty quickly.   The Adoption Tax Credit is a permanent part of the tax law and was created to benefit adoptive families that have completed a domestic, international or foster adoption. 

    We work closely with the experts at  Bill’s Tax Service to help us and our clients to answer all questions related to this important tax credit.  Below we've listed some of the most important steps as you consider filing for the adoption tax credit.

    Seek a professional to file the adoption tax credit 

    It’s important to inquire if your tax advisor or professional has any experience filing the adoption tax credit.  Many tax preparers do not have much experience with this tax law and it’s advised to seek out one that does.  Bill’s Tax Service is available and experienced in this law and can help.  We recommend contacting them for more information.  

    When to file for the Adoption Tax Credit

    This seems to be one of the most popular questions and concerns that we get when discussing the adoption tax credit.  The basic rule of thumb is to file for the adoption tax credit in the tax year that your adoption was finalized.  For example, if your adoption was finalized in December of 2021, you can file for the adoption tax credit in your 2021 tax return when you file in 2022.  If you adoption is finalized in January 2022, then you need to wait until you file your 2022 taxes in the year 2023.  

    Another important tip about this is that even if your adoption has taken a few years you will combine all of your expenses over those years and take the tax credit in the year that it was final.  

    What are the Eligible Expenses?

    You'll find on the IRS.gov the qualified adoption expenses on the form 8839.  Basically, any and all expenses that are directly related to the adoption are considered qualified.  The only exception to this is birth mom expenses.  Any expenses associated with the birth mom in a domestic adoption are not considered qualified expenses. 

    We recommend that if you are just getting started on your journey to keep all of your expenses in one place - a large envelope to keep the paper receipts is helpful.

    When you’re documenting your expenses, you need to keep track of the following:

    1. Adoption Fees

    2. Legal Fees

    3. Court Costs

    4. Traveling Expenses (especially out-of-state and international adoption-related travel).

    Documentation Needed 

    The IRS is known for is its insistence on documentation to prove expenses and eligibility for the tax credit. But if you get a letter from the IRS requesting documentation, the important thing to remember is not to panic. This doesn’t necessarily mean you are in trouble and an audit is probably not going to be forthcoming. 

    1. The Final Judgment of Adoption (this may go by different names based on the jurisdiction of the court you go through)

    2. An authorized agency’s Home Study/Placement Agreement

    3. Form 8839 - from the IRS website

    4. For Foster Care adoptions you’ll need:  Adoption Assistance Eligibility Determination (also known as the Subsidy Agreement); On this document, it needs to indicate the special need of the child.  

    A few tips to remember -- do not send the original documents.  Make a copy of each of these and keep the originals.  You can in some cases file electronically but be prepared to send in any supporting documents.  

    If you are asked to submit any documentation, then it's advised to write your Social Security number on the top of every document.  At the IRS, many documents go in different directions and it's important to be able track what is associated with your return.

    Resources for Adoption Tax Credit

    If you’re interested in learning more about the adoption tax credit, there are resources you can use. We recommend the following websites for more information:

    Educate and Advocate

    Educating others and advocating when we can is very important. We continue to work toward the adoption tax credit becoming refundable.  In the years 2010 and 2011 the adoption tax credit became refundable and it was a game-changer for so many families.  We recommend contacting your local representatives and telling them your story to help them understand how important the tax credit was for you and how it impacted your family.

    Your Adoption Finance Coach Provides Support

    We created Your Adoption Finance Coach to help families like YOU raise the money you need to complete your adoption journey and bring your child home – no matter the situation or timeframe or circumstance. We consider it a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you.

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com.

  • February 14, 2022 12:34 PM | Anonymous member (Administrator)

    Adoption Tax Credit


    Call it the eighth wonder of the adoption world, the Adoption Tax Credit has helped thousands of adoptive families recoup the costs of their adoption.  Unfortunately, many families don’t take full advantage of this credit. This can be due to a lack of understanding or direction from their own tax professional or worse they don’t even bother to take the credit once their adoption is complete.

    What is the Adoption Tax Credit?

    The Adoption Tax Credit is just as it says, a ‘credit’, meaning that you receive back only what you have paid in tax liability.  The credit was refundable for a short period in 2010 and 2011 and then returned to its credit status in 2012.  The credit is claimed one time for each child. There are many organizations, advocates and politicians who support the tax credit and who continue to rally for it to one day be refundable…then it really will be the eighth wonder of the world!

    But for now, it is what it is and the Adoption Tax Credit for Adoptions complete in 2021 is $14,440.00.  This amount changes each year.

    Below are guidelines for how to take full advantage of the adoption tax credit:

    1. Find out if your tax advisor or accountant knows about the Adoption Tax Credit.  If they do not, then find an accountant who does and who has used it before.  An excellent resource for this is Bill’s Tax Service, Becky Wilmoth located in Centralia, ILL.  I know no better resource that is willing to help families work through all of the intricacies of this credit.

    2. Once you find an accountant or tax advisor who knows about the tax credit then take it one step further and ask them to review your tax liability and provide some insight as to how it can benefit you.  Too often families wait until the end to do this part and it’s much better knowing going in what kind of refund to expect or even if it’s better to lower your dependents for a period of time until the adoption is complete.

    3. Keep all of your receipts!  Invest in a folder or binder and mark it ADOPTION TAXES and keep every receipt that you get for your adoption.  Don’t try to make the decision if it’s deductible or not, you can do that when you sit down to apply for the credit.  If you are doing an international adoption, the moment you return home, make copies of your receipts, many times the ink in foreign countries will fade over time. 

    4. You file your adoption tax credit once the adoption is complete.  For example, if you start your adoption in 2015 and it is not complete until 2016 then you’ll file your adoption tax credit on the next year’s taxes. 

    5. Learn the modified adjusted gross income (MAGI) phase out ranges for the credit. If your modified adjusted gross income is $256,660 or more, your credit is zero.  For those making between $216,660 – up to $256,660 then your credit is reduced.  These amounts change every year. This information is available on the IRS.gov web site – simply search Adoption Tax Credit.

    6. Don’t forget your STATE adoption tax credit! Although it is true many States have phased out on the adoption tax credit, it’s worth it to find out if you live in a State that still has one.  Ask your tax advisor or check your State Department of Revenue web site.

    7. Be sure to check with your tax advisor or accountant about how long you can take the tax credit. According to the North American Council on Adoptable Children web site, the credit can be taken for six years, the first year your adoption is complete and then for five years after. 

    Bottomline, this is an important factor when considering adoption. While there is no silver-bullet, no one ‘thing’ is going to pay for all of your adoption, there are many ways to develop a plan for how you’ll come up with all the money you’ll need to bring your family together forever.  In the meantime, some excellent resources are listed below for how you can learn more about this credit. 

    Oh, and by the way, advocate, advocate, advocate…. even though the tax credit is permanent, it still needs to be refundable.  Pick up the phone and call your representative to let them know how important changing the credit to a refund is to the future of so many families.

    Resources:

                   North American Council on Adoptable Children www.nacac.org

                   Bill’s Tax Service – http://centralia-il-taxservice.com

                   IRS - http://www.irs.gov/Credits-&-Deductions/Individuals/Adoption-Credit

                   Adoption Tax Credit – www.adoptiontaxcredit.org


  • January 22, 2022 4:54 PM | Anonymous


    Over the past 13 years, Your Adoption Finance Coach has had the honor to work with more than 6,000 prospective adoptive parents. We have assisted them with budgeting, receiving grants and loans, planning successful fundraisers, and understanding the Adoption Tax Credit.  As summer began this year, we heard from one of our agencies about a family who had accepted the placement of a little girl who was 2 weeks old with special needs.  William and Laura had just decided to take a break from waiting on a placement and didn’t have their funding in place – and now all of a sudden – they needed financial resources YESTERDAY. 

    We are sharing their story here with you with the hope that it will inspire you to seek out YAFC’s support for you and YOUR adoption journey.  We asked both the family and their YAFC Coach a few questions – our interview is below. 

     How did YOUR ADOPTION FINANCE COACH assist you? 

    FAMILY:  “When we learned that our agency, Bethany Christian Services, worked with Your Adoption Finance Coach, we felt a sense of relief, as within the course of just a few weeks, we had decided to pull our profile of waiting families and then unexpectedly were asked (and then accepted) to take place placement of a newborn with critical special needs…we needed to come up with more than $20,000 ASAP, in addition to preparing our homes and lives for our beautiful Safina.   Our YAFC Coach immediately began to assist us with knowing which grants we would still be eligible to apply for AND given our unique situation, she also advocated for us personally with the foundations.  We applied right away to Gift of Adoption and A Child Waits and received grants from them totalling $9,500; one other grant is still pending.”  

    In addition to helping you find grants, how else did YAFC assist you?  

    FAMILY:  “TIME!  In our situation, I simply didn’t have the time to research adoption grants and then figure out which ones we were actually eligible for.  AND until I talked with YAFC, I didn’t even know that the majority of foundations won’t grant a financial award once a child has been placed.  Having someone who knows the ins and outs of the application process, who has a relationship with many of the larger foundations, who could tell me which foundations made sense for us to apply to, and who could also help us make sure our application was both thorough and compelling – I don’t know how to quantify such a resource.  In addition to helping us find funding to finalize our adoption, our YAFC coach no doubt saved me an unknown amount of time and energy so that I could concentrate what little time and energy I did have on bringing our daughter home and caring for her.“


    How do you think this family, and others like them, benefit most from the services that YAFC offers?

    YAFC COACH:  The adoption process is filled with so many TO DOs.  As families are working on their home study and dossier, their adoption provider gives them a list of things to check off and do/turn in.  When it comes to finding the necessary finances – there is no such list provided or if there is a list, the family rarely knows what to do with it.  At YAFC, we provide a financial “to do” list,  and we customize it for each family, because no financial path will be the same for any 2 families.  As was the case with this family – they were taking placement within days of talking with us.  This meant that the list of potential foundations to which they could apply was pretty limited – most of the families we work with are unaware of this hurdle that once a child is placed in the home Foundations rarely give grants in those cases.  In our first phone call, we were able to give this amazing family a list of foundations that we were  pretty sure they could get results from even with their shortened time frame and because of the special needs of the child they were adopting. It was our distinct pleasure to support them and allow them to feel like the financial side of things wouldn’t keep them from adding this precious baby to their family. 

    Guiding and Supporting Families Through the Financial Hurdles of the Adoption Journey

    It was our pleasure to help this family feel comfortable with saying YES to the placement of their child, knowing that there were grants out there to assist them, and that we would do our best to help them find them.  

    We know that adoption is complicated! There are many plates spinning at the same time. Our famous line, “paperwork, politics, and finances” - it’s all too true!

    We created Your Adoption Finance Coach to help families like YOU raise the money you need to complete your adoption journey and bring your child home – no matter the situation or timeframe or circumstance. We consider it a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you.

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com.


  • January 04, 2022 10:25 AM | Anonymous


    Among the 6,000+ families we have been honored to serve, we have been pleased to recently work with a mom who is adopting her biological niece from a country in the Caribbean.  She came to us after finalizing the adoption in country – but still needing help to find funding to finalize the U. S. side of things so that her daughter could come to the U. S. to be with her. 

    We are sharing her story here hoping that it will inspire you to seek out YAFC’s help with YOUR adoption journey.  We asked both the Prospective Adoptive Parent (PAP) and her YAFC Coach a few questions – our interview is below. 

    How did YOUR ADOPTION FINANCE COACH assist you in writing grants?

    “All the required paperwork and technology to apply for a grant has been intimidating; I didn’t think I would be able to apply because I didn’t know how.  It was a huge relief when my Coach literally helped me fill out my applications – line by line – and ensured that I had gathered up the right paperwork to submit with my applications.  I could not have done this  myself.  She even helped me get  my award letter packets turned back in accurately and on time.  I would not have been able to file these grant applications had it not been for the help of my Coach.  She also personally advocated for me and my daughter with the foundations – I would not have known how to do this.”  

    Anything else to add about your experience with YAFC? 

    “ I am also grateful that YAFC cares about me and my daughter and asks regularly about how we  are doing.  I had been living with my daughter in her birth country but had to return to the U. S. a few years ago when I learned I had cancer and had to remain in the US  for treatment.  I talk with her frequently, encouraging her and letting her know that I am doing everything I can to get us together as a family here in the U. S. as quickly as possible.  Even so, at times we both cry on the phone together. I love her so much and I cannot wait to be reunited with my daughter.  I know that the coaches at YAFC care about us and are working hard to help me get the funding I need to bring her home. “

    How common are Kinship Adoptions like this one?  What challenges do they present?

    YAFC Coach:  We support quite a few families who are working to adopt a relative – either from the U. S. or another country.  Regardless of whether it is a domestic or international adoption, families are often surprised by the number of challenges with which they are presented, the largest of which being financial. There seems to be a belief  that if they are adopting a biological family member that the expenses will be minimal; unfortunately, this is not the case.  And when it is an international adoption, there are a number of political hurdles that also have to be cleared.  In this case, the family  had already finalized her daughter’s (formerly niece) adoption in-country and had already used up a great deal of her savings to do so; however, she was shocked to learn she still had to then do the full immigration and re-adoption process in the U. S. as well, in order to bring her daughter home to Georgia. Many families are unaware of the logistics of these types of adoptions.  It is important to find the right resources to assist so that you don’t spend more money than needed and use the time wisely.    The  adoption and immigration attorney, Irene Steffas of Steffas & Associates, is just one of the amazing and dedicated attorneys with whom we are pleased to partner.  It brings us joy to work with a family in obtaining a grant or helping them with a fundraising project – because it all leads to one thing:  families together.  

     

    Guiding and Supporting Families Through the Financial Hurdles of the Adoption Journey
    It has been our pleasure to work with this mom and we look forward to celebrating with her when her daughter gets here to the U. S. – we hope very soon!   

    We know that adoption is complicated; and that every adoption journey is unique.  There are many plates spinning at the same time. Our famous line, “paperwork, politics, and finances” - it’s all too true! 

    We created Your Adoption Finance Coach to help families like YOU raise the money you need to complete your adoption journey and bring your child home. We consider it a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you. 

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com.


  • December 13, 2021 5:08 PM | Anonymous


    Are you considering adoption and wondering how to fund it? Grants can be a great way to offset some of the costs associated with adoption. 

    In this post, we'll discuss best practices for grant writing so that you can maximize your chances of being awarded a grant. We'll also provide tips for finding grants that may be applicable to your situation. Adoption is an amazing journey, and we hope this information helps to make the process easier for you to undertake!

    Grant Writing is a Competitive Process

    One of the first things you need to realize is that grant writing is a competitive process. Each Foundation that offers grants for adoptions has a limited amount of funds to give out and most identify a specific time when they award grants.  This creates a competitive process for those that are applying in any given round.  Unfortunately, there are a lot more applicants than there are grants to help them, so it is a competition to get them.  Even if it is competitive, we recommend applying because, simply, you can’t get a grant unless you apply! 

    Follow the Guidelines

    Step one  is read the directions and guidelines for each grant closely. Do not apply if you do not meet the guidelines.  This is a common mistake.   It’s better to put your focus on the grants that you do qualify for as opposed to wasting time on grants that you aren’t eligible for. 

    It Takes Time

    Each grant has its own requirements and guidelines. Invest the time to read through and follow the guidelines and you’ll begin to see results.   Select a few Foundations at the start - your A group and then if you don’t get success go to your B group.  Take the time and work with your coach to find the grants and foundations that are the best fit for your situation.

    Grants Aren’t a Silver Bullet

    Don’t expect that grants will pay all your adoption expenses. That’s not what they are designed to do. Your goal should be to get as much as you can through grants with the understanding that this will offset your total costs, not cover them. You will need to plan on other sources for help through your adoption journey.

    Qualifying for Grants

    There are three factors that foundations usually look for in their applicants. These are:

    • Religious affiliation — The majority of grants are from religiously affiliated foundations. They will be looking for a statement of faith and possibly some kind of a recommendation or statement from your pastor or church leader.

    • Financial need — Most foundations will look at the combined income for couples and then use this to determine the applicants’ needs. Foundations will also consider issues such as financial loss due to health problems, failed attempts at adoption or pregnancy (such as costs from IVF or fertility treatments), and job loss.

    • Special needs — Foundations will be especially interested in a child you’re looking to adopt having an identified medical need such as a physical or mental disability. 

    Gather Core Documents

    As you start to write your applications, you need to have all of your documents ready for quick reference. Your core documents that most foundations will ask about include:

    • Budget

    • Your personal story

    • Home study

    • Tax information

    • Letters of recommendation

    Common Mistakes

    The most common mistakes we see are:

    • Ignoring Guidelines

    • Applying to ALL Foundations

    • Making Your Application ALL About Religion

    If you can avoid these mistakes, then you have a better chance of finding the right grants and making your application stand out from the rest.

    The Reward Is Worth the Effort with Grant Writing

    Grant writing may be a challenging process, but it can also yield financial rewards for your adoption. The best way to increase the likelihood of success is by doing a thorough research and following the guidelines offered by each organization. 

    Your Adoption Finance Coach can help you through this process one step at a time. Our financial coaches are experienced and eager to help families through their adoption journey to identify resources, raise funds, and create a comprehensive financial plan for completing their adoption. It is a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you.

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com .



  • September 15, 2021 1:26 PM | Anonymous


    Over the past 13 years, Your Adoption Finance Coach has had the honor to work with more than 6,000 prospective adoptive parents. We have assisted them with budgeting, receiving grants and loans, planning successful fundraisers, and understanding the Adoption Tax Credit. 

    Last year, one dad we worked with was determined to do everything he could to bring his 2 sons home from Colombia – and to make sure that once they were home, that he still had money in his savings to adequately care for them and provide for their future. 

    Stephen worked hard to procure grants – he utilized all of YAFC’s resources and achieved a great deal of success.  We are sharing his story here with you this month with the hope that it will inspire you to seek out YAFC’s help with YOUR adoption journey. 

    How did YOUR ADOPTION FINANCE COACH assist you in writing grants?

    Everything YAFC offered, I took advantage of – and everything helped!  I immediately logged into their online portal and watched ALL the videos – even the ones that I wasn’t sure applied to me.  I think all the information that I took in was ultimately very helpful, even if it didn’t seem like it applied to my situation at the time. 

    After viewing the videos, I called my personal coach, and the help she provided was key to my success.  If I had only watched the videos and just looked at the grants and loans template, I would have likely concluded that I wasn’t eligible for any grants and probably wouldn’t have applied for anything.  However, my coach listened to the details of my unique situation and helped me to compose my story in such a compelling way that I received $32,000 in grants!  She also recommended the foundations to which I should apply and I am glad to say that I followed her advice – it paid off!    

    So from your experience, you believe there is value in utilizing both the online portal AND the personal coaching? 

    Definitely.  The portal offered a great deal of helpful information.  However, having a personal coach, a human being, I could talk to and bounce ideas off of helped me understand how the information from the portal applied to me and more importantly, put it to good use. 

    My coach was readily available - I appreciated that I could both email her quick questions AND jump on the phone with her to talk through more complex inquiries; and I always had the portal there as a reference point with best practices, helps and templates.  The assistance I got from YAFC was invaluable. 

    Anything else to say about your experience with YAFC? 

    I fear there are prospective adoptive families out there who believe they make too much money or don’t need help – and so when offered the services of YAFC by their agency or attorney, they look the other way.  I think this is a mistake.  I would urge families to give YAFC the opportunity to ease the financial burden of your adoption journey; it will make both a short-term and long-term difference.  Because of YAFC’s help, I was in a much better financial position when my teen and preteen sons came home than I would have been without utilizing their services.  I am grateful. 

    GUIDING AND SUPPORTING FAMILIES THROUGH THE FINANCIAL HURDLES OF THE ADOPTION JOURNEY

    It was our pleasure to help Stephen complete the adoption of his 2 amazing sons, Santiago and Julian.   

    We know that adoption is complicated! There are many plates spinning at the same time. Our famous line, “paperwork, politics, and finances” - it’s all too true! 

    We created Your Adoption Finance Coach to help families like YOU raise the money you need to complete your adoption journey and bring your child home. We consider it a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you. 

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com.


  • August 23, 2021 10:09 AM | Anonymous

    YAFC has worked with over 6,000 families over the years and even though they are all unique and special, one family stands out as an example for us all. 

    This month we want to spotlight a family because they are so much like many other families that we work with.  Those common denominators are the desire to adopt but not understanding the finances and how to make the dream of adoption come true.  Here are excerpts from our conversation with this family. 

    How did Your Adoption Finance Coach assist you in writing grants?

    When we stepped up to adopt our precious boy, we found the overall cost overwhelming and we realized quickly that we would not be able to adopt him unless we got help with the financial side of things – and fast! 

    Our attorney gave us information about Your Adoption Finance Coach (YAFC), and a renewed hope was found! After logging on to the YAFC portal, we connected with a coach who was very caring and helpful; she listened to our story and got right to work offering her expert assistance.  

    I won't lie, the task of filling out multiple applications for grants was extremely daunting, especially while caring for a little one at the same time. Every night, I would sit down at the end of the day, write a little more of our story for the applications, and how this amazing baby came into our lives. I poured my heart into this process and made sure to include as many details as possible; then I handed it over to our coach who helped us know what we needed to add or take out. 

    Our adoption situation was distinct and a bit challenging in regard to applying to foundations; and so I know there were times that our coach turned to Kelly, YAFC’s CEO, to make sure we were heading in the right direction. As a result, we felt like we had a whole cheerleading team rooting for us and encouraging us to complete the arduous process. YAFC was there every step of the way and provided timely support. They gave us the confidence to get started and the push to keep going. 


    How did YAFC’s personal coaching and online portal impact your adoption process? 

    Without the help of YAFC, we would not have received the $21,000 in grants that we did! 

    For starters, we did not even know that these grants were available to adopting families. Even our web searches did not produce what YAFC was able to help us find, and their advocacy on our behalf with the foundations made all the difference. The resources available on the portal were very helpful to have a better understanding about what to expect and how to proceed. Thank you YAFC! 

    YAFC Supports Families Through the Financial Challenges of the Adoption Journey

    Our goal at Your Adoption Finance Coach is to support families through the complex financial process of their adoption journey.  There’s no better feeling than helping a couple bring their family together forever.  

    At Your Adoption Finance Coach, our financial coaches are experienced and eager to help families through their adoption journey to identify resources, raise funds, and create a comprehensive financial plan for completing their adoption. It is a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you.

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com .


  • August 16, 2021 10:42 AM | Anonymous

    The adoption process can be IS incredibly overwhelming. We often refer to the process as “Paperwork, Politics, and Finances,” the BIG 3 things that Prospective Adoptive Parents (PAP) have to tackle when embarking on an adoption journey. 

    And surprisingly they need to be prepared to take on all three – ALL at once! A PAP’s adoption agency or adoption attorney will be focused on helping families with tackling both paperwork and politics from the very beginning of the adoption process. This leaves families guessing as to what comes next and how to specifically tackle the financial side of things. 

    YOUR ADOPTION FINANCE COACH serves families by focusing on the financial aspect of their adoption journey. We have firsthand knowledge of the entire process and how overwhelming it can be. 

    Each of our coaches has been touched by the adoption triad. We personally know how difficult it can be to:

    -          keep track of what comes next,

    -          know what to expect at different times,

    -          remember or know when payments are due,

    -          and understand what permissions and fees are required for which form, etc. 

    We work very closely with our partner agencies and attorneys. We help connect families back to their agency/attorney when certain support is needed. 

    By active listening and having empathy for what a family is experiencing, we know how to support them through the adoption process. For instance, we can help them create a customized financial plan for how they’ll bring their family together. 

    We help families through the step-by-step process allowing them to “see the light at the end of the tunnel.”  We know that even the toughest of phases in the adoption journey can be overcome so that the joy at the end of the journey can be realized; and we long to share that hope with families. 

    “Our coach provided a great deal of adoption support to us at times when our heads were spinning.  I was skeptical that YAFC (Your Adoption Finance Coach) would be able to help us at all – but as soon as we connected, we were pleasantly surprised. Our coach listened to our concerns, helped us figure out issues with our adoption in general that would also impact grant applications, and answered all our questions – no matter how trivial.  We are grateful for YAFC and the adoption support its team provided to our family in the final stretches of our adoption journey.  We would recommend them to ANY family seeking support in the adoption process.”  - Luke, Kimberly and Baby Lennox

    At YAFC, we know that the adoption process at any given moment can be demanding in a completely different way than it was just a week, or even a day, prior. Our coaches are always ready to meet a family where they are and provide the right kind of adoption support that is needed in their journey. 

    Please contact us today at coach@youradoptionfinancecoach.com if you have questions about our services and how you can take advantage of the adoption support we provide through our partnering agencies or through the NCFA Family Membership.  We look forward to connecting with you! 


  • August 02, 2021 10:07 AM | Anonymous


    Over the past 10 years, Your Adoption Finance Coach has had the honor to work with more than 6,000 prospective adoptive parents. We have assisted them with budgeting, receiving grants and loans, planning successful fundraisers, and understanding the Adoption Tax Credit.

    This month, we want to spotlight a family we worked with in 2020, soon after the pandemic was shutting much of the country down. Luke and Kimberly, who live in New York City, learned about a birth mom in Florida who selected them to parent her baby – just a few weeks before the baby was due to be born. 

    Luke joined one of our “Boot Camp Webinars” and then contacted one of our coaches soon thereafter. We asked them to share their experience.

    When your adoption attorney gave you our information, what did you expect?

    Luke: Quite honestly, we weren't expecting much when we learned about Your Adoption Finance Coach. I assumed there would be some kind of fee to use your services, and even then, we weren’t sure what we might receive in return. I was so surprised and relieved to learn that your fees were covered by the fees we’d already paid our attorney.Baby Lennox smiling

    What was your experience like working with Your Adoption Finance Coach – how were we able to assist you? 

    LUKE: Up until we began working with YAFC, we had found the adoption process thoroughly overwhelming (emotionally, logistically, and especially financially). We attended the first webinar and were pleasantly surprised; and then had a great experience working our own personal coach. 

    Our experience with YAFC was incredible and you guys are absolutely THE FIRST organization we will mention when someone tells us they're planning to adopt. Our coach was informative and patient, guiding us expertly through each step of the grant application process, no matter how trivial the question. 

    And most importantly, your help resulted in us receiving a grant! We can't thank YAFC enough; our adoption would have been very difficult without you.

    Guiding and Supporting Families Through the Financial Hurdles of the Adoption Journey
    It was our pleasure to help Luke and Kimberly. We’ve enjoyed seeing the pictures they have shared of Baby Lennox as he has grown over the past year.   

    We know that adoption is complicated! There are many plates spinning at the same time. Our famous line, “paperwork, politics, and finances” - it’s all too true! 

    We created Your Adoption Finance Coach to help families like YOU raise the money you need to complete your adoption journey and bring your child home. We consider it a privilege to work closely with families on such a personal journey and we’d welcome the opportunity to assist you. 

    If you are interested in learning more about our services and how we can help your family, please reach out to us at coach@youradoptionfinancecoach.com.


  • July 26, 2021 12:32 AM | Anonymous

    Your Adoption Finance Coach has had both the honor and privilege to work along-side so many dedicated adoption professionals serving prospective adoptive families over the past ten years. We have worked with over 6,000 families to assist them in budgeting, obtaining loans and grants, organize fundraising events and better understand the adoption tax credit. 

    This is a Spotlight on one of our Agency Partners acknowledging their work and best practices for how they have promoted and utilized our services. 

    Open Door Adoption Agency has partnered with Your Adoption Finance Coach since 2016. They were one of the first adoption agencies to offer our services to their families. 

    Over the years their families have raised a combined $800K through grants, loans, and fundraising. Each family utilizing the services raises on average between $16,000 - $20,000.    

    Open Door offers the financial coaching program to both domestic and intercountry families. They promote the program online through their web site and during their parent orientation meetings. 

    For new families signing up with Open Door, they have incorporated a short presentation by our team to explain the services and let incoming families know how to connect with us. Incoming families have a chance to ask questions and get to know us before jumping in. 

     

    “The benefit of including you (YAFC) in our parent training is that families have seen your face and heard directly from the horse’s mouth what supports you can provide. It is a way of having them take the very first step of working with you right then on training day. I also think it normalizes the process of raising the money.”                                                                                                                                                               Victoria Eades, MA

                                                                                        Domestic Social Services Coordinator

                                                                                        Open Door Adoption Agency

     

    Open Door Adoption Agency Ensures Families Are Financially Prepared for the Adoption Journey

    For new prospective adoptive families, it can be very overwhelming when they first get started. By teaming up with YAFC, we can help families focus on the budget needed for their journey as well as discuss with them concerns they may have about how they will cover the costs of the adoption.

    Our goal is to make sure the family is completely prepared for the financial challenges ahead. This means ensuring that they are anticipating expenses and understand the timing of the adoption journey ahead. We make sure they have information about all the resources that are available so they can make an informed decision. 

    There is no ‘one-size-fits-all’ in adoption! 

    Every family comes with their own set of concerns and every family has a different financial landscape. Our Coaches educate families on the resources available and help them to make informed decisions about the financial requirements associated with their adoption journey. 

    We highly recommend Open Door’s integration of our services into their New Parent Orientation as a Best Practices for all our agency partners. By introducing the services to the families in the orientation, it helps families to make the connection and associate our team with the Open Door team. Families are more likely to engage with a Coach sooner to discuss their financial circumstances. 

    Your Adoption Finance Coach Provides Support and Financial Education to Your Families

    Let’s face it adoption is complicated! There are many plates spinning at the same time – our famous line, “paperwork, politics, and finances.” 

    I remember the day we signed on the dotted line, starting our adoption and thinking, “we’ve got to come up with a lot of money.” I will never forget that feeling! 

    That was the reason I created Your Adoption Finance Coach and today we are so very proud to be working with so many adoption professionals like Open Door. Learn more about our services and how we can help your families by scheduling a free demo. And check out our list of partnering agencies.   


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YOUR ADOPTION FINANCE COACH  |  1233 West 70th Street  |  Kansas City, MO 64113  |  816.682.5500
coach@youradoptionfinancecoach.com