35 Free Templates For Gift Letter

Tips For Using Gift Letter Templates

• 1. Clarity of Gift Purpose Ensure that the letter explicitly states that the funds are a gift and not a loan. Specify that no repayment is expected or required. This is crucial in many financial transactions, such as mortgage approvals.
• 2. Donor Information Provide comprehensive details about the donor, including their relationship to the recipient, contact information, and the origin of the gift funds. Accurate donor information lends credibility to the letter.
• 3. Gift Amount and Usage Clearly indicate the exact amount of the gift and its intended use. If the gift is for a specific purpose, like a down payment on a home, mention this to avoid any future misunderstandings or tax implications.