Subject: Declining your generous monetary gift — [Your Name] [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am truly grateful for your thoughtfulness and kindness shown by your recent offer to gift me with a monetary contribution. However, after careful consideration and due to personal reasons, I regretfully decline your generous gift. Please understand that this decision was not made lightly, as your heartfelt gesture touched my heart deeply. However, certain circumstances have led me to the conclusion that it would be more suitable for me to respectfully decline the monetary support you have offered. I sincerely appreciate your intention to assist me and cannot express enough gratitude for your generosity. Your willingness to support me financially is truly commendable, and I am genuinely moved by your offer. It is not often that such selflessness is seen in today's world, and it speaks volumes about both your character and our friendship. Please know that my inability to accept your gift should not be viewed as a reflection of the value I place on our relationship. You have been an incredible friend to me, and I highly cherish your presence in my life. Your support, care, and friendship mean more to me than any monetary assistance ever could. Again, I want to emphasize my genuine appreciation for your gesture. It is just that, under the current circumstances, I feel it is best for me to respectfully decline your monetary gift. I hope you understand my decision and know that it was not made lightly. I genuinely value our friendship and hope that you will accept my decision with the same level of respect and understanding. Please let me assure you that your friendship is what matters most to me, and I look forward to continuing our cherished bond. Thank you once again for your unwavering support, and please accept my heartfelt gratitude for your kind offer. I am incredibly blessed to have you as a friend. Wishing you all the best in all your endeavors and hoping for an opportunity to express my gratitude in person soon. Warmest regards, [Your Name]