Summitviii draft adoptionfundingbreakout-110501223638-phpapp02
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Summitviii draft adoptionfundingbreakout-110501223638-phpapp02

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Draft of Powerpoint for Summit VIII

Draft of Powerpoint for Summit VIII

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  • Share Jesus : Adoption is evangelism at its core…Bringing the mission field home, where children are loved, cared for, and discipled to know Jesus Christ as their Savior. Encourage Others : Adoption Fund challenges, encourages, and enables Believers to put their faith in action, by stepping out in faith to adopt (fulfilling God ’s commands in scripture). The process also provides an opportunity for couples to develop relationships with other Christians as they seek prayer and financial support. Meet Needs : There are millions of children waiting for forever families who would like to adopt them, but just can ’t because of the financial barrier. By helping to reduce that barrier we are helping to rescue those children who are trapped in the cycle of orphan life. Live out Loud : As the Church becomes obedient to God ’s commands concerning the fatherless, the community will see Jesus Christ is alive and working in the lives of His people to care for those children who can’t care for themselves. “As Christians we are often known for what we are against, but the world doesn’t know what we are for. Jesus said ‘Let your light shine before men, that they may see your good deeds and praise your Father in heaven” – FamilyLife’s Hope for Orphans (Matt 5:16)

Summitviii draft adoptionfundingbreakout-110501223638-phpapp02 Summitviii draft adoptionfundingbreakout-110501223638-phpapp02 Presentation Transcript

  • Wendy Cosby, Dwain Gullion, JT Olson, Carrie Blaske, Rich Metcalfe
  •  I. God’s Pull  Romans 8:15-17: “For you did not receive the spirit of slavery to fall back into fear, but you have received the Spirit of adoption as sons, by whom we cry, “Abba! Father!” The Spirit himself bears witness with our spirit that we are children of God, and if children, then heirs—heirs of God and fellow heirs with Christ.” II. God’s Promises  2 Corinthians 9:8: “God will generously provide all you need.”  Philippians 4:19: “This same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus.”   Matthew 7:11: Jesus said, “If you sinful people know how to give good gifts to your children, how much more will your heavenly Father give good gifts to those who ask him” III. God’s Provision  Romans 8:32 “He who did not spare his own Son but gave him up for us all, how will he not also with him graciously give us all things?”
  • ◦ Overview of the Costs of Adoption  How much will it cost?  State Foster Care  Domestic Adoption – $8-25k◦ International Adoption - $20-$35k +◦ All tools, ideas & organizations are just instruments in God’s hands… God is “Jehovah-Jireh ”!
  • ◦ Directly awarded to family for adoption expenses◦ Given without repayment or fundraising◦ Mirrors grace freely given to us◦ Grants range from $2,000-$10,000+◦ Disbursed directly to adoption agency◦ Based on financial need
  •  Matching Grants of up to $4,000/per child ($1-for-$1 match) Kingdom activity: see adoption as “missions in reverse”…bringing the mission field home. (involves family, church, community) Families given “turn-key” support raising kit ◦ Biblical act of making needs known (letter, Facebook, blog) ◦ Others donate tax-deductible gifts ◦ e.g. Harlow family - $2500 Matching Grant – raised over $11K ◦ 100% of donations to adoption expenses (no admin fee deducted) ◦ Church, family friends become engaged financially & prayerfully Average Scenario: Matching Grant of $2,500 - mobilizes an additional $5,000 - average total grant funds for your adoption = $7,500
  •  Currently there is a federal adoption tax credit of up to $13,360 per child (for 2012) for unreimbursed “qualified adoption expenses.”  See IRS Tax Topic 607: Adoption Credit (www.irs.gov/taxtopics/tc607.html), which provides general information about the current federal adoption tax credit.  Note: Please be sure to consult your tax adviser for additional information and to understand how the federal adoption tax credit works and may impact you.
  •  Reduces initial, upfront ‘cash-flow crunch’ Maximizes stewardship by allowing family to capture up to the $13k Federal Adoption Tax Credit Couples sign a covenant agreement to repay  Monthly or Annually  (can use Fed Adoption Tax Credit to repay loan) The loan is repaid & then circulated through the next family Funds can become self-perpetuating, where loan repayments each month/year can help fund NEW families
  •  Tax Credits  Federal (as mentioned previously)  State Employer Adoption Assistance  A number of companies have adoption assistance programs built into their benefits with some providing between $2,000--$10,000 The military provides $2,000  www.adoptionfriendlyworkplace.org
  • Meet Needs• Orphans find homes, families are assisted and churches become more activeShare Jesus• Adoption provides us with an opportunity to share the Gospel and point people to JesusEncourage Others• Allows us to put our faith into action; develop relationships/supportLive out Loud• As the Church is active the community will see Jesus is alive and working in His people (Matt 5:16)
  •  3 Options - in Creating an Adoption Fund 1. Church CREATES own 501c3 (non-profit organization) 3. Church MANAGES own funds, donations, distributions, screening, qualifying, etc. 5. Church PARTNERS with an organization who will administer/facilitate the fund on behalf of the Church
  •  Building from ground up gives total ownership in vision, opportunity & rewards Empowers lay people to get involved / but staff doesn’t administer Spins off an entity that can grow nearly unlimited ways Gives church financial separation between Fund & money Freedom to grow; not dependent/drain on church Allows the 501c3 responsibility to follow tax laws
  •  Gives the church complete ownership Gets church clergy, staff, and decision makers involved Church can use the benevolence fund to avoid 501c3 Funds can be from inside or outside church budget Funds are maintained as part of the church budget Step-by-step instructions & case studies available Church is not dependent on third party
  •  Build your team / Choose the right model Create your grant & loan guidelines  What types of adoptions will we fund? Who is eligible?  What percentage of the total adoption expenses will this grant supply  Who on the team will make the grant decisions? Managing  Accounting, donation receipting, verifying qualified expenses, funds disbursement, IRS guidelines, etc. Example/Sample:  Step-by-Step Guide to start in-house fund: www.showhope.org/fund  Lake Pointe Church – www.lpcadoption.org
  • ◦ Partner can manage/facilitate the Fund & carry administrative load on behalf of church  All screening, reviewing, approving/denying as partner of the church (agreed criteria)  All accounting, receipting, disbursement of funds to approved agencies/ expenses◦ Flexible – church can be as involved as desired◦ Quick – funds can be set up in 1-2 days◦ Branding – Church Fund is “branded” as Church desires◦ Reports – monthly financial reports given to Church (balance, disbursements, etc.)◦ No Cost – no administrative fee / 100% of donations to Fund
  • ◦ Church & Partner have initial conference call to set up Fund (Q &A)  Church shares criteria/preferences for making decisions◦ Members of Church apply to Church Fund on church-branded application◦ Applications come to Partner, who processes application as Church desires◦ Grant/Loan decision make in conjunction w/ Church◦ Partner handles all disbursements & expenses  ABBA - www.abbafund.org/churchadoptionfunds.htm  Lifesong - www.lifesongfororphans.org/adoptFund.html Iriving Bible Church (Tapestry) - www.tapestry.irvingbible.org
  •  One for the WIDOW & One for the ORPHAN Innovative tool to remove financial barrier  A team fixes up a widow’s home  Renovation provided for free to widow (donated labor & construction materials)  Sponsorship donations help fund adoption expenses How does this help fund adoptions?  100% of donated sponsorships are used for adoption expenses  Disbursed as Adoption Grant http://vimeo.com/6483710 www.bothhandsfoundation.org
  •  Challenge and Support families so 100 children can be adopted Adoption Fund exists as one component to financially help those same 100 adoptions www.hopefor100.org
  •  Connected Child (book) Created to Connect (Study Guide/workbook) Empowered to Connect Resources
  •  Adopting 1 yr old, cleft lip, India (already had 2 children in family) ◦ Adoption Cost: $31,350  $3,300 - from savings  $10,000 – adoption loan  $2,500 – adoption matching grant  $12,906 - donated, result of matching grant  $3,000 – direct grant from organization  $2,000 – unexpected property tax refund  $300 - garage sale proceeds that friend held
  •  Adopted 2 yr old, China (already had 5 children in family) ◦ Adoption Cost: $25,050  $2,000 gift from their church  $2,000 savings  $2,000 sold personal items  $3,000 matching grant  $9,716 donated, result of matching grant  $1,000 result of giver after reading newsarticle  $2,000 (2) anonymous givers $1,000 each  $3,500 sister donated FF miles to pay for flights/airfare
  •  abbafund.org achildwaits.org cadmanfoundation.org carolinespromise4u.org ggam.org hadassahshope.org katelynsfund.org lifesongfororphans.org lydiafund.org micahfund.org nafadopt.org ourcreatorshope.com showhope.org
  •  Wendy Cosby, Show Hope wendy@showhope.org 615-550-5600, ext 107  Direct Grants, Church Fund guides Dwain Guillion, ABBA Fund dwain@abbafund.org / 336-345-2369  Covenant Loans, Administer Church Funds Rich Metcalfe, Lifesong for Orphans rich@lifesongfororphans.org / 309-747-4528  Covenant Loans, Matching Grants, Administer Church Funds