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.