If you receive a request for financial assistance from a company then you must always respond to that request in a formal manner. A financial assistance letter must always be responded by writing a letter and one such letter is simple enough as it must include the reasons for your decision.
Here is the sample letter for responding to a request for a donation. You can respond to a Request For a Donation or to a Fundraising Letter by following the format shared below.
Letter Format for Response to Request for Financial Assistance
Date: January 14th, 2023
Mr. Henry Smith
Sub : Response to request for financial assistance
Dear Mr. Henry,
We are writing this letter to inform you that we have received your request for financial assistance for Health and Wealth app. We believe that this app idea is quite unique and we congratulate for coming up with such a unique idea. We are hopeful that it is going to be successful project.
Though we found your project very interesting and exquisite but we regret to inform you that we will not be able to allocate any funds for it as we have already allocated the designated funds to other companies. The fund allocation decisions are usually made in the last quarter of the year for the coming year and the applications are selected on first cum first serve basis. The fund allocation applications for the year have been approved and therefore, we would like to request you to submit your request for the next year.
Wishing you good luck.