Financial Disclosure

I want to thank all of you who supported our spaghetti dinner fundraiser.  We had a great time and raised $750!  And thank you again to Gail who did and gave so much to make the fundraiser happen.  You rock!

A few weeks ago I promised that I would blog about the specific financial needs we have for this adoption.  We want to be above reproach in all things, including this area; and a big part of that means being transparent about the fundraising money.  We want you to know exactly where the fundraising money is going, and we would be happy to answer questions about the financial side of our adoption at any time.

The average domestic adoption in the U.S. costs around $20,000.  We even spoke with one agency whose fees started at $44,000!  We quickly decided not to use that agency!  Our adoption is through Private Adoption Services, Inc., and their fees are less than most.  Because there are a lot of different fees for our adoption, I want to break it down for you.

Lynch Adoption Fees

$   700         Homestudy

$ 1,000       Application Fee

$ 7,000       Placement Fee

$ 5,000       Legal Fees and Birthmother Support

$   600        Post-Placement Visits from a Social Worker

$ 1,000       Travel  (At least 2 trips to Cincinnati and Hotel Stay)

$15,300      Total Adoption Expenses

Currently we have only paid the $700 for our homestudy.  This means that we will still have to pay $14,600.

The application fee is not due until we are matched with a birthmother.  The placement fee is paid when the child is placed in our home.  Laws vary state-to-state; but in Ohio where our agency is based, we can pay up to $3,000 in support of our child’s birthmother if she needs it.  This money is primarily used to pay for housing, and/or other bills, and medical expenses that are not covered by insurance.  The adoption agency pays this money directly to the insurance company or landlord to make certain that it is used for the correct purposes.  Legal fees go to the lawyers and judge who will make us the legal parents of our adopted child.

We have an adoption savings account for all of the fundraising money.  We have paid $700 for our homestudy and currently have $2,081 in our adoption account!  Only $12,519 to go!

The fundraising has been slow, but steady; and we are so grateful for the Lord’s provision. He has called us to adopt, so we know that He will provide!  Thank you to all of you who have joined us on this journey!  We are so grateful that so many people are a part of our child’s story!

We are planning an online auction to begin in a few weeks, just in time for Christmas!  And we need some donations.  If you have anything you might like to donate (gifts large or small or even services that you provide), please let us know!

I also want to ask you to pray for our friends, Jacob and Misti, who are currently in Colombia adopting their new son, Silas!  Please uphold them in your prayers, and check out their blog, Butterflies and Ladybugs, for more information.  There is a link on the side of this page or go to http://www.jmalcoleman.blogspot.com.

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