[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Gift Donor's Name] [Gift Donor's Address] [City, State, ZIP] Subject: Declining Your Generous Monetary Gift Dear [Gift Donor's Name], I hope this letter finds you in good health and high spirits. I am writing to express my deepest gratitude for your kind and generous offer of a monetary gift. Your thoughtfulness and consideration are truly appreciated. However, after careful consideration and reflection, I have made the difficult decision to decline your gracious gift. Please understand that this decision was not made lightly and arises from personal circumstances that I am currently facing. It is important for me to emphasize that my choice is in no way a reflection of the value or significance of your gift. I am sincerely touched by your willingness to support me during this time, and I am genuinely grateful for your generosity. However, I must prioritize my personal situation and ensure that I make responsible financial decisions. Moreover, I would not want to create any expectation for future financial assistance or place an undue burden on our relationship. I hope you understand that my intention is to maintain the strength and authenticity of our connection, independent of any financial considerations. Please accept my sincerest apologies for any inconvenience or disappointment this may cause. I genuinely appreciate your kindness and understanding. I would like to extend an invitation to meet in person and express my gratitude personally. It is important to me to maintain our relationship beyond this moment, and I would value the opportunity to connect with you. Once again, I cannot thank you enough for your thoughtfulness and support. It means a great deal to me to have your generosity in my life. I hope that you can appreciate and respect my decision, and I hope that we can continue to nurture our friendship regardless of this particular circumstance. Wishing you all the best and looking forward to staying connected. Warmest regards, [Your Name]