Hi, I'm new to this but need advice. My parents have given me and my brother a substantial cash gift.Today's Date: Medi-Cal Access Program. 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. A short letter like this sample gift letter will cover all of the requirements your lender needs. 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. As I understand it, a parent can gift £3,000 per year to a child free of any IHT liability. Join us for a meeting in your area! Click on the location nearest you to find a Helping Parents Heal group in your area, or join the online group. Prospective students and their parents are encouraged to meet with a.