Hi, I'm new to this but need advice. My parents have given me and my brother a substantial cash gift.The letter must explain who is gifting the money, where the donor's funds are coming from and the relationship between the donor and the recipient. Our Deed of Gift template is for use in the UK. The deed can cover gifts of money, property and other assets, such as land and buildings. 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. Yes, all lenders will require a gift letter. Although you may have the funds, the lender needs to confirm that you won't have to repay the gift. Close-up of gift details on form. The letter should include the exact dollar amount of the gift and the date of transfer. Save the Children is a leading humanitarian organization for children.