[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Decline to Accept a Monetary Gift Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to express my heartfelt appreciation for the generous offer of a monetary gift that you had extended to me recently. Your thoughtfulness and kind intentions have not gone unnoticed, and I am truly grateful for your gesture. However, after much thoughtful consideration, I regretfully decline your generous gift. It wasn't an easy decision, but I believe it is the right one for several reasons. Firstly, as a resident of New Jersey, I must adhere to the ethical guidelines outlined by the [mention relevant governing body/organization]. These guidelines strictly prohibit me from accepting monetary gifts from individuals or entities with whom I have a professional or personal relationship. Additionally, accepting monetary gifts can potentially create conflicts of interest or biases in my decision-making process. As a professional in [mention your field or industry], I am committed to upholding the highest standards of integrity, fairness, and impartiality. Accepting financial assistance in any form could compromise these values and undermine the trust of my colleagues, clients, and the public. Please understand that my decision to decline your generous gift is solely driven by my commitment to maintaining ethical practices and preserving the trust and integrity associated with my professional responsibilities. I value our relationship and want to assure you that my decision is in no way a reflection of your character or the significance of your gesture. It is important to me that you know how much I appreciate your generosity. Once again, thank you for considering me and extending such a gracious offer. Your thoughtfulness is truly humbling. I hope you understand my position and that our relationship will continue to thrive despite this decision. I am always available to discuss and assist you with any other matters that fall within the bounds of our professional relationship. Wishing you continued success, happiness, and prosperity. Warm regards, [Your Name]