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Example of Gift Letter

Gift letters are statements informing the recipient of a right to gift monies or other entitlements without repayment. The types of gift letter can vary considerably:

  • Letters denoting funds available
  • Letters stating goods to a certain value may be purchased for no outlay (Similar process to a gift certificate)
  • Specific purpose gifts of money to purchase a given thing, like property
  • A gift of money stating there's no need to repay.
  • A gift of money providing funds for a down payment on property.

Examples of Gift Letters:

Aunt Alice in Los Angeles sends her niece in New York a letter saying she can have $10,000 for deposit on a house, with no obligation to repay.
http://www.r.umn.edu/prod/groups/umr/@pub/@umr/documents/content/umr_heritage_fund_letter.pdf
http://lawalum.gsu.edu/files/pdfs/2009_Class_Gift_Letter.pdf
http://www-er.ucsd.edu/giftprocessing/dohandbook/Gift%20Agreements%20-%20Foundation/Template%20Endowed%20Restricted.pdf
http://www.investors.com/NewsAndAnalysis/Article/559943/201101141816/New-Rules-Allow-Higher-Caps-On-Gifts.aspx
http://blogs.smartmoney.com/tax/2011/02/01/how-the-13000-gift-tax-exemption-works/?mod=rss_

Image Example of Gift Letters:

Emerson''s letter to Whitman.