Are you and your same-sex partner interested in expanding your family by adopting a child? According to Out in Jersey, LGBT couples in New Jersey have had the right to adopt children since 1997, long before either the state or the federal government recognized same-sex marriage.
Nevertheless, there are challenges involved in adopting a child, not the least of which is financial. There are costs involved at every step of the process. An adoption grant can help you defray some of the costs involved in bringing a child into your home.
What is an adoption grant?
A grant is a financial reward given to help an individual or group achieve a certain goal. An adoption grant is one provided specifically to help you and your spouse or partner adopt a child. Grants may be available through government agencies or charitable organizations, such as the National Adoption Foundation.
How do you obtain a grant?
The first step in obtaining a grant is to submit an application. The organization giving grants will review it and weigh your needs against the assets available to fund grants for adoptive parents.
What are the requirements for obtaining a grant?
Part of the evaluation process for your application may involve doing a home study.
What are the pros and cons of an adoption grant?
An adoption grant covers costs associated with all different types of adoption, including public, private and international. It is not a loan, so you do not have to pay the money back.
On the downside, there is a limited number of adoption grants available. Organizations can only provide as many grants as there are funds available, meaning that you may not receive one even if you otherwise meet the qualifications.