Embryo Adoption can be exciting journey! However, like everything in life, nothing is free. Although embryo adoption is one of the more affordable adoption options, there are still expenses that need to be covered. The $9,000-16,000 in funds may include fees for a home study, administration costs, legal representation, shipping fees, fertility clinic fees (such as medication, FET preparation, and the FET procedure itself!), and travel expenses are not always available readily in one’s back pocket.
Thankfully, there are many options to aid in helping fundraise for your adoption journey!
1. Saving accounts: Start a savings account specifically for your adoption expenses! Open a free or even interest-building savings account at a local bank or credit union and commit to putting money in the account weekly-whether this be $5, $10 or $100…every little bit counts!
2. Budgeting: It is easy to set adoption budget goals by downloading a budgeting app (such as Mint, PocketGuard or Honeydue) on your smartphone and you and your spouse can sit down together, examine at your budget, and find tangible ways to cut down on costs. Such as that extra caramel Frappuccino from Starbucks (extra caramel please!), television, eating out, or other entertainment.
3. Fundraising: Have a garage sale, yard sale, sell baked goods, or homemade crafts on Etsy. If you are particularly skilled at a trait that other people enjoy or would like to learn, host a class! Zoom classes allow participants from all over the nation, so that aunt who lives across the country can join as well?
4. Crowdfunding: One of the most popular ways to raise funds nowadays! Multiple websites cater to this type of fundraising, with the most recognized sites being GoFundMe, which allows donators to contribute any dollar amount and is a recognizable name. Charitable is especially ideal for donations, as it allows donors to pay through PayPal and does not charge a fee for credit card transactions. Last but not least, Adoption Bridge is a crowd funding website that is specifically geared towards raising funds for adoptions. Posting on social media platforms, a neighborhood app (such as Nextdoor) or creating a blog is a great way to raise awareness for your crowdfunding platform.
5. Loans: New low or non-interest loans are always coming out on the market to assist families in achieving their adoption goals. A good place to start is the ABBA Fund. Each adoption agency will have different loans, adoption grants, and scholarships they work with, so check with them to ask for their list of resources.
6. Grants: There are many grants available out there for families who are facing infertility. Most of these grants cover IVF expenses, but some also cover FETs and even embryo donation, like the BabyQuest Foundation and the The Pay It Forward Fertility Foundation. However, qualifications for these grants are often times very specific, with most having the requirement that couples or individuals have an official infertility diagnosis.
We are also seeing more organizations that usually award grants for international adoptions starting to fund grants for embryo adoption. If you are working with an adoption agency, check to see if they have more information on new grants.
7. Borrowing from Family: This is not always an ideal option, and may work better for some families than others. If borrowing funds from family is a viable option for you, be sure that a clear timeline is in place on when you plan to pay the funds back.
If you start your research early, and plan your funding journey, you’ll have all the resources you need for your adoption journey in no time! To learn more ways to fund an embryo adoption, watch our webinar here. To learn more about embryo donation and adoption, visit EmbryoAdoption.org.