Gift letters are essential documents when transferring funds or assets as a gift, particularly for significant transactions like real estate purchases or educational expenses. These letters provide transparency and assurance to lenders, institutions, or recipients, clarifying that the funds are a genuine gift and not a loan requiring repayment. A well-crafted gift letter strengthens trust and facilitates smooth financial processes.
Choosing the right gift letter template can save you time and ensure that you include all necessary information. We’ve compiled ten sample gift letters covering various scenarios, from helping a family member buy a home to supporting a student’s education. These examples offer a clear understanding of the required format and content, making it easier for you to create a legally sound and effective gift letter.
1. Gift Letter for Real Estate Down Payment
[Date]
[Lender’s Name]
[Lender’s Address]
Subject: Gift Letter for Down Payment Assistance
Dear [Lender’s Name],
This letter is to confirm that I, [Donor’s Name], am gifting [Recipient’s Name], my [Relationship – e.g., daughter, friend], the sum of [Amount of Gift] as a gift to be used towards the down payment on the property located at [Property Address]. These funds are a bona fide gift and do not require repayment. No lien or other claim exists against these funds.
Source of Funds: [Source – e.g., Savings, Investment Account]
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
[Donor’s Phone Number]
2. Gift Letter for Educational Expenses
[Date]
[University/College Name]
[Financial Aid Office]
[University/College Address]
Subject: Gift Letter for Educational Support
Dear Financial Aid Office,
I, [Donor’s Name], hereby certify that I am providing [Recipient’s Name], my [Relationship – e.g., son, granddaughter], with a gift of [Amount of Gift] to assist with their educational expenses at [University/College Name]. This gift is given freely and without any expectation of repayment. The funds are intended for tuition, fees, and/or living expenses.
Source of Funds: [Source – e.g., Retirement Account, Inheritance]
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
[Donor’s Phone Number]
3. Simple Gift Letter for Cash Gift
[Date]
Dear [Recipient’s Name],
I am writing to confirm that I am giving you, [Recipient’s Name], a gift of [Amount of Gift]. This gift is given out of love and affection and is intended for your use as you see fit. There is no expectation of repayment. This is a non-refundable gift.
With love,
[Donor’s Signature]
[Donor’s Printed Name]
4. Gift Letter for Vehicle Purchase
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for Vehicle Purchase
Dear [Recipient’s Name],
I, [Donor’s Name], am pleased to provide you, my [Relationship – e.g., niece, nephew], with a gift of [Amount of Gift] to assist with the purchase of a vehicle. These funds are given freely, without any obligation for repayment. The funds are intended for the purchase and registration of the vehicle.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
5. Gift Letter for Medical Expenses
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for Medical Assistance
Dear [Recipient’s Name],
This letter confirms that I, [Donor’s Name], am providing you, my [Relationship – e.g., sibling, parent], with a gift of [Amount of Gift] to help cover your medical expenses. This is a genuine gift, and there is no expectation of repayment. This gift is made to support you during this difficult time. This is a non-contractual gift.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
6. Gift Letter for Business Start-Up
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for Business Investment
Dear [Recipient’s Name],
I, [Donor’s Name], am happy to provide you, my [Relationship – e.g., friend, associate], with a gift of [Amount of Gift] to assist with your business startup. These funds are a gift, and there is no expectation for repayment. I’m excited for your success! This is a free gift, without any charges.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
7. Gift Letter for Wedding
[Date]
[Recipient’s Name] & [Partner’s Name]
[Recipient’s Address]
Subject: Wedding Gift
Dear [Recipient’s Name] and [Partner’s Name],
I, [Donor’s Name], am delighted to give you both a gift of [Amount of Gift] to celebrate your wedding. This gift is given with love and best wishes for a lifetime of happiness together. Enjoy planning your special day!
Congratulations!
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
8. Gift Letter for House Renovation
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for House Renovation
Dear [Recipient’s Name],
I, [Donor’s Name], confirm that I am providing you, my [Relationship – e.g., son, daughter], with a gift of [Amount of Gift] to help with the renovation of your house. This gift is given out of love and affection and is intended for your use as you see fit. This is a free gift, without any charges.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
9. Gift Letter for Furniture Purchase
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for Furniture
Dear [Recipient’s Name],
I, [Donor’s Name], am happy to provide you, my [Relationship – e.g., friend, associate], with a gift of [Amount of Gift] to assist with your furniture purchase. These funds are a gift, and there is no expectation for repayment.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
10. Gift Letter for Travel
[Date]
[Recipient’s Name]
[Recipient’s Address]
Subject: Gift Letter for Travel
Dear [Recipient’s Name],
I, [Donor’s Name], am delighted to provide you, my [Relationship – e.g., grand son, grand daughter], with a gift of [Amount of Gift] to support travel cost. These funds are a gift, and there is no expectation for repayment. These are the rules for gifting.
Sincerely,
[Donor’s Signature]
[Donor’s Printed Name]
[Donor’s Address]
Conclusion
These sample gift letters provide a solid foundation for various scenarios. Remember to adapt them to your specific situation, ensuring accuracy and clarity. Consulting with a legal or financial professional is always recommended for significant financial transactions to ensure full compliance and protect all parties involved. Always keep a copy of the gift letter for your records.
