Dear Lori,Just curious - and of course, you don't have to answer if you don't want to...obviously, it's your blog...anyway, here's the question...How much does it cost to do a local adoption?Signed,Curious about CostsDear Curious,
I don't mind talking about the high finances of adoption. According to the
always-accurate Internet, private adoptions range in price from $5k-$40k. International adoptions from $7k-$30k. And public agency adoptions from $0-$2k. Adoptions through our agency run about $20,000.
I'm sure you're thinking that you're in the wrong line of work. Wanna get rich? Start an adoption agency, right? Wrong. Our agency is non-profit. *Gasp* Yep, you heard right...they don't make any money. Then, where is all that money going? Okay, you asked for it. In true math fashion, here is our story problem for today:
With 3 offices in Oregon and Washington, OA&FS places on average 50 children per year. At $20k per adoption, they earn about $1.0m per year. They offer free counseling for all pregnant parents and lifelong counseling for all birthfamilies in addition to facilitating the adoptions and educating the public about open adoption. Based on the services they offer, their expenses include legal fees, operating costs, staff wages and benefits, marketing, etc. In wages alone, how many people could they employee if they paid on average $50,000 per year? (Put your calculator away, the answer is 20.)
Now I don't know how many people they employ or what they pay but I do know that $1.0m doesn't go very far in the business world. It's easy to see how $20k per adoption can still leave them coming up short. And to be clear, in case there are any questions, the birthparents aren't getting any compensation.
The good news is that there is a federal tax credit, for those who qualify, to make adoption more affordable. And my company is one of many that offers an adoption expense reimbursement program. For 2007 the federal tax credit is around $11k and my company will reimburse up to $4k in expenses. It's warms my heart to see government and business working to make adoption more affordable.
I hope that helps shed some light on the wonderful world of adoption financing. But when it comes right down to it, can you put a price on the happiness that a baby brings?
Signed,
Lori