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I too would like some information on grants and loans. Please e-mail any infromation to TammyPR33@aol.com
Hi everyone,
I can truly relate to the woes of adoption fees. My husband and I
are in the process of adopting from Kazakhstan--we should be
traveling in a few weeks to pick up our daughter. Believe me, I have
done hours of research on ways to fund our adoption without having
to get a loan (which we did resort to for the majority of our fees).
We raised some of the money but coming up with $20,000.00 is not
an easy feat. In my research, I have come across so many
messages from people just like all of you who are experiencing the
same financial issues that my husband and I have experienced.
There is no simple answer, though there are many avenues to
explore. There are some grant monies out there--but you must
qualify for their definition of "financial need". Of course there is the
$10,000.00 tax credit that should be helpful for most adoptive
families. There are several other things out there, but you may find,
like I did, that they didn't offer much help. I have become so
burdened about this situation that I started a foundation through National
Heritage Foundation. My foundation is called "Families for Children". My
goal is to build my foundation to be able to help families like ours with part
if not all of the expenses involved with adoption (it is currently set up
for international adoption but I hope to expand it later for domestic as well).
My foundation has been accepted by buyforcharity.com to receive
donated percentages of purchases from over 350 online shopping stores.
Please pass this information along to everyone you know--register for free
on buyforcharity.com and then select our cause "Families for Children (NHF)
and any shopping done, the donations will be made to the foundation. People can also donate directly to the foundation online at nhf.org
I am working with some other adoptive parents who want to help build this
foundation. If any of you out there who are experiencing the financial
difficulties of adoption (or even those of you who are not dealing with this issue) would also like to be involved in building this foundation, please
contact me at childhope@hotmail.com
Many letters and e-mails have gone out, and I have lots of ideas for
fundraising. Wouldn't it be nice if we could build this foundation to be so huge that no one who wanted to bring a child into their home through
adoption would ever have to be turned away.......maybe if we adoptive
families all work together, we can make this possible.
Let me know if you are interested in knowing more!
Wendy
We are also in first time adotive parents-to-be. Here is what I have found so far about finanical help. By the way we are in OH so some of this may be differant in your state.
At the Library:
Charitable Organizabtions 2002 - a book that lists charities and what they are about. Find your state then go to "granting to individuals" and look for adoption info. You may also try national organizations but it will be a bigger section.
On the Web:
First of all I use and look up "adoption financing" be sure to us the " " marks this weeds out a lot of junk.
Also try your church. A lot of churches or area Christian/Jewish organizations offer help with financing adoption and most have a local adoption group you may want to join.
I hope this is helpful and I wish all of you the best of luck!
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Most church's or chuch organizations will help set-up a fund for your adoption process. They will ask for donations during the mass/service. Speak to the head of the chuch. (You didn't hear this from me, but A friend of mine joined 3 different churches) they all set-up a fund in her name. Sounds tacky but some of us want a child before we can save 10-20k. Best of luck to all God bless
I too would like to receive some info on help with adoption fees. My email address is daywind_02@hotmail.com
Thank you, daywind:) :) ;)
I am also interested in learning about grants and loans. sorsha1620@netscape.net.
State of Maine
Office of Securities_
21 State House Station
Augusta, Maine 04333-0121
IN RE: NOTICE OF INTENT
06-073
JAMES L. CLIFFORD
ALLEGATIONS
1. James L. Clifford (CliffordӔ) (CRD # 1419478) is an individual who has been licensed in Maine as a sales representative or agent since at least 1985. His last known address is 955 Eastern Avenue, Holden, Maine 04429.
2. From December 4, 1997, to the present, Clifford has worked as a sales representative or agent at the Brewer, Maine, branch office of Investors Capital Corp. (ICCӔ).
3. Pearl P. Schoppe (Ms. SchoppeӔ) was a life-long resident of Orono, Maine, and the valedictorian of the 1936 graduating class of Husson College in Bangor, Maine.
4. In May of 1996 Ms. Schoppe established a living trust (the Schoppe TrustӔ) with herself as trustee and with two of her relatives designated as trustees upon her death. The original trust document directed that upon Ms. Schoppes death, after payment of any of Ms. SchoppeҒs debts, expenses and taxes, and certain distributions, the remainder of the trust property was to be held in trust for Husson College with income distributions to fund a scholarship program.
5. Ms. Schoppe was conservative with her investments. She essentially bought only certificates of deposits and fixed annuities.
6. In October of 1998, Ms. Schoppe, then age 80, amended the trust document to, among other things, change the trustee upon her death to Clifford. The amendment also changed the provision regarding the distribution of the remainder of her trust property. As amended, instead of the property being held in trust for Husson, the trust instrument dictated that the property was to be distributed to the National Heritage Foundation F.B.O. Pearl P. Schoppe Foundation.Ӕ
7. The charitable purpose stated by Ms. Schoppe on the National Heritage Foundation application was Assist students of the Greater Bangor/Brewer, Orono/Old Town, ME area who need financial aid to attend Husson College. To be paid out interest only 80% of interest to go to students, 20% of the interest to go back into the Foundation so foundation will continue to grow.Ӕ
8. Ms. Schoppe died on January 19, 2000.
9. On March 7, 2000, in Singer Island, Florida, Clifford and John T.DockԔ Houck, II, CEO of National Heritage Foundation, (NHFӔ) completed the paperwork for National Heritage Foundation Inc. FBO Pearl Schoppe FNDTNӔ to purchase a $150,000 variable annuity from Conseco Variable Annuity Insurance Company through ICC, using funds from the Schoppe Trust.
10. On May 11, 2000, Clifford sent an additional $50,000 from the Schoppe Trusts checking account to Conseco to add to the variable annuity.
11. The subaccounts chosen by Clifford and Houck were largely more-risky growth funds, when Ms. SchoppeҒs stated intent and investment history dictated the use of more conservative income-producing investments.
12. The variable annuity sold by Clifford to the foundation was unsuitable for the charitable purposes expressed by Ms. Schoppe. There was no tax benefit and no value to having a death benefit on the life of Mr. Houck to offset the higher costs and reduced liquidity of the investment.
13. Clifford received $12,600 in commissions on these transactions. In addition, Clifford has paid himself trustee fees exceeding $42,000.00 from the trust assets despite the fact that he appears to have provided little if any valuable services to the trust.
14. Since the purchase of the variable annuity in March of 2000, Husson College has received no scholarship money from the Pearl P. Schoppe Foundation.
15. Under federal law, variable annuities are securities and the offer and sale of variable annuities is regulated by the United States Securities and Exchange Commission (the SECӔ) under the Securities Act of 1933 and Securities Exchange Act of 1934.
16. The NASD is a national securities association registered with the SEC under 15A and in accordance with the provision of ǧ19(a) of the Securities Exchange Act of 1934.
17. NASD Rules are filed with the SEC and promulgated under 19(b) of the Securities Exchange Act of 1934. NASD rules apply to Ǔall members and persons associated with a member. Persons associated with a member shall have the same duties and obligations as a member under the associationԒs rules. NASD Rule 0115.
18. ICC is a member of NASD and Clifford is a person associated with ICC.
19. NASD Rule 2310 requires that a member have reasonable grounds for believing that a recommended purchase is suitable for a customer based on the facts disclosed by the customer including the customers investment objectives.
20. By virtue of his training and experience, Clifford knew the requirements of NASD Rule 2310. Through his customer relationship with Ms. Schoppe, Clifford knew her investment objectives and the charitable purpose for which she established the Pearl P. Schoppe Foundation. Thus, Clifford intentionally or knowingly failed to comply with NASD Rule 2310. 32 M.R.S.A. ҧ10313(1)(B).
21. By using funds of the Schoppe Trust to purchase an unsuitable investment, Clifford engaged in unlawful or unethical conduct in the securities business. 32 M.R.S.A. 10313(1)(G).
22. Pursuant to 32 M.R.S.A. ǧ10313 and 16702, the Securities Administrator may, after notice and opportunity for hearing, issue an order to revoke the license of a licensee or impose a bar on a licensee if the Securities Administrator finds that the order is in the public interest and that the licensee: (1) has engaged in unlawful, unethical or dishonest conduct in the securities business; or (2) has intentionally or knowingly violated or failed to comply with a rule under the Securities Exchange Act of 1934.
NOTICE
Notice is hereby given that the Securities Administrator intends to issue an Order to Revoke Cliffordǒs Agent License and Censure Him or Bar Him from Association under 32 M.R.S.A. ǧ10313(1) and 16702(1).
If Clifford wants to request a hearing in this matter, he must do so in writing within thirty (30) calendar days of the date of this Notice of Intent. 32 M.R.S.A. ǧ10708, 16702(1).
Date: November 28, 2006 /s/ Michael J. Colleran
` Michael J. Collera
Securities Administrator
Date: November 28, 2006 /s/ Bonnie E. Russell
Bonnie E. Russell
Assistant Securities Administrator
Date: November 28, 2006 /s/ Willis P. Smedberg
Willis P. Smedberg
Investigator/Examiner
Last Updated: December 20, 2006 4:42 PM
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State of Maine
Office of Securities_
21 State House Station
Augusta, Maine 04333-0121
IN RE: NOTICE OF INTENT
06-073
JAMES L. CLIFFORD
ALLEGATIONS
1. James L. Clifford (CliffordӔ) (CRD # 1419478) is an individual who has been licensed in Maine as a sales representative or agent since at least 1985. His last known address is 955 Eastern Avenue, Holden, Maine 04429.
2. From December 4, 1997, to the present, Clifford has worked as a sales representative or agent at the Brewer, Maine, branch office of Investors Capital Corp. (ICCӔ).
3. Pearl P. Schoppe (Ms. SchoppeӔ) was a life-long resident of Orono, Maine, and the valedictorian of the 1936 graduating class of Husson College in Bangor, Maine.
4. In May of 1996 Ms. Schoppe established a living trust (the Schoppe TrustӔ) with herself as trustee and with two of her relatives designated as trustees upon her death. The original trust document directed that upon Ms. Schoppes death, after payment of any of Ms. SchoppeҒs debts, expenses and taxes, and certain distributions, the remainder of the trust property was to be held in trust for Husson College with income distributions to fund a scholarship program.
5. Ms. Schoppe was conservative with her investments. She essentially bought only certificates of deposits and fixed annuities.
6. In October of 1998, Ms. Schoppe, then age 80, amended the trust document to, among other things, change the trustee upon her death to Clifford. The amendment also changed the provision regarding the distribution of the remainder of her trust property. As amended, instead of the property being held in trust for Husson, the trust instrument dictated that the property was to be distributed to the National Heritage Foundation F.B.O. Pearl P. Schoppe Foundation.Ӕ
7. The charitable purpose stated by Ms. Schoppe on the National Heritage Foundation application was Assist students of the Greater Bangor/Brewer, Orono/Old Town, ME area who need financial aid to attend Husson College. To be paid out interest only 80% of interest to go to students, 20% of the interest to go back into the Foundation so foundation will continue to grow.Ӕ
8. Ms. Schoppe died on January 19, 2000.
9. On March 7, 2000, in Singer Island, Florida, Clifford and John T.DockԔ Houck, II, CEO of National Heritage Foundation, (NHFӔ) completed the paperwork for National Heritage Foundation Inc. FBO Pearl Schoppe FNDTNӔ to purchase a $150,000 variable annuity from Conseco Variable Annuity Insurance Company through ICC, using funds from the Schoppe Trust.
10. On May 11, 2000, Clifford sent an additional $50,000 from the Schoppe Trusts checking account to Conseco to add to the variable annuity.
11. The subaccounts chosen by Clifford and Houck were largely more-risky growth funds, when Ms. SchoppeҒs stated intent and investment history dictated the use of more conservative income-producing investments.
12. The variable annuity sold by Clifford to the foundation was unsuitable for the charitable purposes expressed by Ms. Schoppe. There was no tax benefit and no value to having a death benefit on the life of Mr. Houck to offset the higher costs and reduced liquidity of the investment.
13. Clifford received $12,600 in commissions on these transactions. In addition, Clifford has paid himself trustee fees exceeding $42,000.00 from the trust assets despite the fact that he appears to have provided little if any valuable services to the trust.
14. Since the purchase of the variable annuity in March of 2000, Husson College has received no scholarship money from the Pearl P. Schoppe Foundation.
15. Under federal law, variable annuities are securities and the offer and sale of variable annuities is regulated by the United States Securities and Exchange Commission (the SECӔ) under the Securities Act of 1933 and Securities Exchange Act of 1934.
16. The NASD is a national securities association registered with the SEC under 15A and in accordance with the provision of ǧ19(a) of the Securities Exchange Act of 1934.
17. NASD Rules are filed with the SEC and promulgated under 19(b) of the Securities Exchange Act of 1934. NASD rules apply to Ǔall members and persons associated with a member. Persons associated with a member shall have the same duties and obligations as a member under the associationԒs rules. NASD Rule 0115.
18. ICC is a member of NASD and Clifford is a person associated with ICC.
19. NASD Rule 2310 requires that a member have reasonable grounds for believing that a recommended purchase is suitable for a customer based on the facts disclosed by the customer including the customers investment objectives.
20. By virtue of his training and experience, Clifford knew the requirements of NASD Rule 2310. Through his customer relationship with Ms. Schoppe, Clifford knew her investment objectives and the charitable purpose for which she established the Pearl P. Schoppe Foundation. Thus, Clifford intentionally or knowingly failed to comply with NASD Rule 2310. 32 M.R.S.A. ҧ10313(1)(B).
21. By using funds of the Schoppe Trust to purchase an unsuitable investment, Clifford engaged in unlawful or unethical conduct in the securities business. 32 M.R.S.A. 10313(1)(G).
22. Pursuant to 32 M.R.S.A. ǧ10313 and 16702, the Securities Administrator may, after notice and opportunity for hearing, issue an order to revoke the license of a licensee or impose a bar on a licensee if the Securities Administrator finds that the order is in the public interest and that the licensee: (1) has engaged in unlawful, unethical or dishonest conduct in the securities business; or (2) has intentionally or knowingly violated or failed to comply with a rule under the Securities Exchange Act of 1934.
NOTICE
Notice is hereby given that the Securities Administrator intends to issue an Order to Revoke Cliffordǒs Agent License and Censure Him or Bar Him from Association under 32 M.R.S.A. ǧ10313(1) and 16702(1).
If Clifford wants to request a hearing in this matter, he must do so in writing within thirty (30) calendar days of the date of this Notice of Intent. 32 M.R.S.A. ǧ10708, 16702(1).
Date: November 28, 2006 /s/ Michael J. Colleran
` Michael J. Collera
Securities Administrator
Date: November 28, 2006 /s/ Bonnie E. Russell
Bonnie E. Russell
Assistant Securities Administrator
Date: November 28, 2006 /s/ Willis P. Smedberg
Willis P. Smedberg
Investigator/Examiner
Last Updated: December 20, 2006 4:42 PM
With credit problems last year from my husband switching jobs we cannot apply for loans. We would like to know of any other resources to fund an adoption. bebennet@hotmail.com