Hi, I'm new to this but need advice. My parents have given me and my brother a substantial cash gift.Here's a sample gift letter you can use to prove that the money is truly meant as an outright gift, with no expectation of repayment. Money Gift Letter From Parents Template provides a simple and elegant format for expressing love and support through monetary gifts. As I understand it, a parent can gift £3,000 per year to a child free of any IHT liability. A gift letter is an important, formal, legal piece of documentation that can help explain that a (usually rather large) sum of money was gifted to you. Official Forms for Viewing and Downloading. Download a free gift letter template for any occasion. Use this customizable Word and PDF template to create a personalized gift letter. The foundation invites applications for the 2025 Kresge Artist Fellowship program, which supports artists in the Michigan counties of Macomb, Oakland, or Wayne.