[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Decline to Accept Monetary Gift Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to express my heartfelt gratitude for your thoughtful generosity in offering me a monetary gift. Please know that your kindness and support mean a great deal to me. However, after careful consideration, I have come to the difficult decision to decline your generous offer. While I am genuinely appreciative of your gesture, I am unable to accept the monetary gift due to personal reasons. Please understand that my decision is in no way a reflection of your kindness or the value I place on our relationship. I am truly grateful for your consideration and thoughtfulness, but I believe it is in the best interest of both parties that I respectfully decline your gift. I hope you can appreciate and understand the sincerity behind my decision. Furthermore, I value our relationship and would like it to continue on a basis of mutual respect and care. Once again, I want to emphasize my gratitude for your generosity. It is not easy for me to turn down such a kind offer, but I believe it is the right choice given my current circumstances. Your friendship and support mean the world to me, and I hope we can continue to nurture our relationship in the absence of monetary gifts. Thank you for your understanding and for respecting my decision. I look forward to our continued friendship and creating many more cherished memories together. Warm regards, [Your Name]