Tuesday, March 27, 2012

What Is The Perpetual Adoption Fund?

The Family Fund Foundation has been asked several questions regarding The Perpetual Adoption Fund. We are excited there is so much interest in the fund and are anxious to briefly address these questions here.

What is The Perpetual Adoption Fund?
Why is it necessary?
Who will it benefit?
How does it work?
How is it funded?

1. What is the Perpetual Adoption Fund? The Perpetual Adoption Fund is a financial resource available to select couples who hope to adopt, but cannot pay the overwhelming costs of adoption.

2. Why is it necessary? Actually, it isn't necessary, but it will be helpful. A new born adoption in the United States will cost an adoptive couple $25,000 to $35,000 dollars, with little, or most likely, none of that money going to the Birthmother. Unfortunately, adoption is a "for profit" industry and there is a real argument to be had regarding the validity of these costs. This is not the time nor place for that argument...back to the subject at hand. While some couples are blessed to have the means to afford such costs, most do not. Of course these couples make extraordinary efforts to find the means to do so, as their hopes and dreams rest on being able to afford adoption. Still, many cannot scrape together the money needed and abandon hope. For this reason, The Family Fund Foundation is establishing The Perpetual Adoption Fund. Money will be made available, with conditions, to a select few so that there is no need to abandon such righteous ambitions.

3. Who will it benefit? While the direct benefactor of The Perpetual Adoption Fund will be the adoptive couple responsible for the costs of adoption, many will benefit. Of course, the child and Birthmother will benefit as well. And, if you have ever had any experience with adoption as a bystander, you realize that many lives are touched with each successful placement. The fund simply helps facilitate that placement.

4. How does it work? Adoptive couples who believe they need assistance from The Perpetual Adoption Fund, will apply for qualification via The Family Fund Foundation. A non-biased committee will review the applicants and determine what couple(s) will receive funding for adoption and what amount. The selected couple(s) will receive a 0-2% loan to help cover the costs of the adoption with an understanding that the amount needs to be paid off in a certain period of time.

5. How is it funded? The Perpetual Adoption Fund will be funded several different ways. 1) Gracious donors, like you! 2) Corporate sponsorship. 3) Fundraising and awareness events. 4) Ultimately, by the couples who benefited from The Fund in the first place. As these couples pay off their zero to low interest loan from The Fund, they in turn are perpetuating the benefits of The Fund to bless the lives of others, as they have been blessed.

Thanks for all the great questions! As The Fund is established with all "i"s dotted and all "t"s crossed, more questions and answers will be provided. We will establish a website where this information can be shared freely and where the beauty of adoption can be felt by all. Until then, continue to check this blog and if you feel you have skills, talents or abilities that may benefit this wonderful cause, please feel free to email us at adoptionfamilyfund@live.com.

Tuesday, March 20, 2012

Introduction of The Family Fund Foundation and the Perpetual Adoption Fund

Many lives every year are touched by adoption. Some by the opportunity to grow or start their families by adopting a child. Others by placing a child for adoption. Some by being adopted into a loving family. Even more simply by experiencing the gift of adoption as a bystander; Grandmother, Grandfather, Father, Mother, Brother, Sister, Uncle, Aunt, Cousin or Friend. Adoption is a concept that, at it's core, shows the love humanity has for each other. It values life. It is Love.

Unfortunately, the costs of adoption are often exorbitant or even scandalous. While there are very real costs associated with the adoption process, it is a for profit business which sometimes brings with it opportunistic greed. A drive for profit that ultimately not only takes advantage of those wishing to adopt, but can even rob some of the opportunity at all due to the price tag. This is most unfortunate.

The Family Fund Foundation along with The Perpetual Adoption Fund was set up with the intent to aid and assist in a financial manner those who desperately want to adopt, but simply cannot reasonably find the means to do so. Another intent of The Foundation is to establish The Caitlin Scholarship Fund designed to be a scholarship offered to select Birthmothers. The Foundation will offer support groups while supporting existing support groups and lastly, The Foundation will assist in educating and enlightening the public regarding the benefits of adoption.

The Foundation is only in the initial stages of set up. A corporation has been established, but nothing more. In meetings with LDS Family Services, the concept of The Foundation were warmly received, nay, enthusiastically received. The next step is to receive tax exempt status and begin work! It is the intention of The Foundation to be ran as much as possible by volunteers. While we realize there will be expenses involved, we hope to reduce those expenses by using the skills and talents of volunteers where possible, thus leaving the bulk of donations to the purpose.

The Foundation is currently seeking help with regards to legal and accounting services. If you, or someone you know, would like to be part of something amazing, please let us know. If you feel you have any talents or skills that would be of benefit now, or in the future, to The Foundation, we would also love to hear from you at email address, adoptionfamilyfund@live.com. Many have inquired how donations may be made, and those gestures are greatly appreciated. A website with the ability to accept donations will be available in due time. Until then, our focus is to receive 501(c)3 status so that your donations will be tax exempt. Please keep us in mind as there will be a time, hopefully soon, when donations will be needed.

In the meantime, please check the blog from time to time to see what is new. We have exciting plans and grand schemes with hopes and prayers to make some good. After all, some families need a jump start!