Subject: Declining the Offered Monetary Gift with Sincere Gratitude Dear [Sender's Name], I hope this letter finds you in good health and high spirits. First and foremost, I would like to express my deepest appreciation for your generosity and thoughtfulness in extending a monetary gift. However, after much contemplation and careful consideration, it is with a heavy heart that I must decline your generous offer. Please understand that my decision is not a reflection of your kind intentions, but rather a personal choice I have made for reasons that I believe are in my best interest. Connecticut has strict ethical guidelines and legal parameters regarding the acceptance of gifts, and as a responsible individual committed to upholding these principles, it is incumbent upon me to adhere to them diligently. Thus, I am unable to accept your gracious monetary gift. I truly value your support and friendship, and this decision does not diminish my immense gratitude for your gesture. Please know that your generosity is not taken for granted, and I am genuinely touched by your heartfelt offer. Although I am unable to accept the monetary gift at this time, I would be delighted if you could join me for [insert alternate suggestion like coffee, lunch, or a casual catch-up]. It would provide an excellent opportunity for us to spend quality time together and continue nurturing our friendship. Once again, please accept my sincerest gratitude for your thoughtful gesture. Your unwavering kindness will forever be cherished. Wishing you all the happiness and success in your endeavors. Warm regards, [Your Name]