[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 writing to express my heartfelt gratitude for your generous offer to gift me a monetary amount, but unfortunately, I must respectfully decline your kind gesture. While I truly appreciate your thoughtfulness, there are personal reasons that prevent me from accepting your monetary gift at this time. I assure you that this decision was not taken lightly and comes after careful consideration. [Optional: Provide a brief and honest explanation if you are comfortable doing so. For instance, you may mention financial stability, legal restrictions, or personal beliefs.] Please understand that my decision does not reflect any lack of appreciation or gratitude for your generosity. I am genuinely touched by your willingness to support me, and it means a great deal to me. I hope you can accept my decision with understanding and respect. Your friendship and support are invaluable to me, and I am truly honored to have you in my life. I would be more than happy to suggest alternative ways in which we can demonstrate our appreciation for one another without involving financial matters. Once again, thank you from the bottom of my heart for your kind offer. I hope our bond continues to flourish and that we create many more cherished memories together in the years to come. Wishing you all the best in your endeavors. With warm regards, [Your Name]