Gift Funds Letter Example In Orange
Description
Form popularity
FAQ
I'm writing to ask you to support me and my cause/project/etc.. Just a small donation of amount can help me accomplish task/reach a goal/etc.. Your donation will go toward describe exactly what the contribution will be used for. When possible, add a personal connection to tie the donor to the cause.
Documentation Requirements Gifts must be evidenced by a letter signed by the donor, called a gift letter. When the gift is sourced by a trust established by an acceptable donor or an estate of an acceptable donor, the gift letter must be signed by the donor and list the name of the trust or the estate account.
Verifying the Gift Funds A copy of the donor's check and borrower's deposit slip. A copy of the donor's withdrawal slip and borrower's deposit slip. Proof of the electronic transfer of funds from the donor's account to the borrower's account or to the closing agent. A copy of the donor's check to the closing agent.
Your lender may provide you with a gift letter template. If that's the case, you can simply pass it along to the gift giver and have them fill it out. If the lender doesn't provide you with a gift letter template, be sure to verify the gift letter requirements.
