[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Donor’s Name] [Donor's Address] [City, State, Zip Code] Subject: Letter for Declining Monetary Gift Dear [Donor's Name], I hope this letter finds you in excellent health and high spirits. I am writing to express my utmost gratitude for your generous offer of a monetary gift. Your kindness and willingness to support me are sincerely appreciated. However, after careful consideration, I have decided to decline your generous offer. I want to emphasize that my decision in no way diminishes the value I place on our friendship and your support; it is solely based on personal reasons and circumstances that are specific to my current situation. Please understand that this decision was not easy for me to make, and I have taken the time to reflect deeply before arriving at this conclusion. I assure you that my choice is not a reflection of your gesture's worth, but rather my adherence to specific principles and beliefs. It is essential to maintain integrity and uphold personal values in all aspects of life. I firmly believe that accepting monetary assistance at this time would compromise these principles. Again, I want to reiterate my gratitude for your unwavering support, and I sincerely hope that this decision will not affect our bond of friendship. Your willingness to lend a helping hand means the world to me, and I will forever be grateful for your generosity. If you have any questions or would like to discuss this matter further, please feel free to contact me at [Your Phone Number]. I am more than willing to discuss my decision and provide further clarity if needed. Once again, I express my deepest appreciation for your kindness and understanding in this matter. I value the friendship we share and truly hope that we can move forward unscathed by this decision. Wishing you continued success and happiness in both your personal and professional endeavors. Warm regards, [Your Name]
Fairfax Virginia Sample Letter for Decline to Accept a Gift - Monetary
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How to fill out Fairfax Virginia Sample Letter For Decline To Accept A Gift - Monetary?
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FAQ
Saying something like, Thank you so much for your gift, it was a lovely thought, and I'm touched. But I just don't feel like I can accept it. I'm really sorry and hope you're not too upset or offended is a good starting point.
How To Use a Gift Letter The exact dollar amount of the gift. The donor's name, address, and phone number. The donor's relationship to the loan applicant. The date the funds were or will be transferred. A statement that no repayment is expected. The address of the property being purchased (if known at the time)
A gift letter (a written statement that includes, among other things, the amount of the gift and confirmation that it doesn't have to be paid back) Evidence of the transfer of funds.
Here's what your gift letter should include: The donor's name, address and phone number. The donor's relationship to the client. The dollar amount of the gift. The date the funds were transferred. A statement from the donor that no repayment is expected. The donor's signature. The address of the property being purchased.
Simply apologize and politely explain the reason why The bottom line is to be honest in all situations to avoid putting people out again in the future, so they know and understand where they stand with you, then simply decline the gift and maybe even make a counteroffer if need be.
A gift letter is a statement that ensures your lender the money that came into your account is a gift and not a loan. The person who gave you the money must write and sign the gift letter as well as provide their personal information.
I am anxious not to hurt your feelings in any way but feel I must decline such a special gift. Please know, however, how very much I appreciate your thoughtfulness.
I/We name of gift-giver(s) intend to make a GIFT of $ dollar amount of gift to name(s) of recipient(s) , my/our relationship, such as son or daughter, to be applied toward the purchase of property located at: address of the house you're buying, if known .
How to Reject a Gift Politely - Personal Notes (Non-Corporate) The bracelet you sent me was beautiful and I am very grateful to you for thinking of me. However, I'm afraid I don't feel comfortable accepting such a gift and feel I must return it.
Letter of Explanation (LOE): gift letter A gift letter is required when a borrower is using gift money as part or all of their down payment on a mortgage. The gift letter requests a statement from the donor confirming that no repayment is expected from the borrower.
