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Fundraising for Adoption or Infertility
A blog by Embryo Adoption Awareness Center, July 7, 2015
At prices ranging from $10,000 to $15,000, embryo adoption is one of the most affordable alternative methods for building your family. We know what you’re thinking – that’s still a nice chunk of change that you may not have laying around. So how do you pay for it?
Creating a Family, surveyed 100 adopting families on the methods they used to pay for their adoptions. The results were then featured in a post on the organization’s blog. The majority of parents that completed the survey admitted they financed the adoption of their children through loans. Some borrowed through home equity, their 401(k), or consumer loans, while others got adoption-specific loans available through agencies like ABBA (Adoption Assistance for Christian Families).
Crowdfunding has become another viable option for couples looking to expanding their family. Websites like GoFundMe and Kickstarter are being used to raise money from family and friends, as well as compassionate strangers. CNN reported that GoFundMe has seen $1,000,000 in funds raised for adoption and fertility treatments since its 2010 launch.
It may be best to talk with some other couples that have raised money for an adoption. If you don’t personally know anyone, try online message boards or support groups. People have been through the process before you, so take advantage of their experience. You never know – their ideas may become your funding success!