Can you gain money from adopting a child?

Question

I want to know if you are trying to adopt a child in Colorado, can you, or do you benefit financially?

(A child over the age of 12)

Answer 1

they pay you a subsidy usually, but don't count on it to get ahead financially. You'll spend much more on the child than any money they'll give you.

Answer 2

I am an adoptive parent who does receive a subsidy in my state but it usually is not a lot.  You can't really make as much as you would working a full or sometimes even part-time job.

Adoption Subsidies/Assistance

In 1980, the United States Congress enacted the Adoption Assistance and Child Welfare Act (Public Law 96-272). Under P.L. 96-272, each state must establish an adoption assistance program that provides maintenance payments, Medicaid coverage, selected social services, and reimbursement for nonrecurring adoption costs to families adopting eligible special-needs children. Assistance is available for children adopted through private or public agencies; independent adoptions, those negotiated via a private attorney, are not eligible for federal or state funds.

The North American Council on Adoptable Children (NACAC) maintains an excellent web site that includes an outstanding section on Adoption Subsidies. A general overview of adoption subsidies can be found on the NACAC site at: www.nacac.org/adoptionsubsidy.html. This page includes links to NACAC’s:

Adoption Subsidy Fact Sheets

Adoption Subsidy Definitions (of terms) and

State Subsidy Profiles

The Adoption Subsidy Fact Sheets include topics such as:

Adoption Subsidies after Finalization

Child Support Payments and Title IV-E Adoption Assistance

Dissolution of Adoption or Death of Adoptive Parents

Answer 3

Im sorry for some of the hateful responses youve had.  Nothing in your question indicates that you personally wish to make money from adoption,  that you are is a dreadful insinuation to make.  Where I come from there is no financial gain or benefit for adoption at any age or on any level. (Australia).  I too struggle to understand the US system which many on here claim allows adoption/fostering for profit.  Sooo many people on here need to take a chill pill and allow others their right to their questions and opinions without making assumptions about their intent.

Answer 4

umm...foster homes. where you keep the kid for awhile (not permanetly) and they pay you some $$$

Answer 5

If your looking to adopt to gain financially, then your looking to adopt for the wrong reasons.

This is just wrong on so many levels.

Answer 6

Wow, I certainly did not gain any money for adopting my son!    If the child is disabled maybe you get a subsidy from the state, but that's with any child, including a biological one.

Answer 7

Anyone who ask that question has to be up to no good.  The idea of adoption as a money maker is more than wrong.  A person should only adopt if it is in the best interest of the child and if the person adopting is of the right moral character.  To do if for the financial gain is pure evil.

According to the law in Colorado, no person other than an adoption exchange or licensed agency may charge or receive money for locating or identifying a child or natural parent for adoption or prospective adoptive parent.

No person shall offer or charge any money or other consideration in connection with the relinquishment and adoption

Answer 8

why would you want money for adopting? that is WRONG!

Answer 9

Not really, children are an investment, but the expirience and giving someone a family and more of a life is priceless.  A smile is worth more than any amount of money.