How can I use cumulative gifts as source of funds?

This is possible but difficult as you need to show where these people got the money to buy the gifts so you may have to source their funds for several people.

You need to prepare the legal source documentation very carefully reflecting the gifts amounts/dates/transfer detail, etc. Such documentation may include bank records, contracts, etc. As to the bank records - certified bank records are preferred although not mandatory.

Gifts from multiple sources could be used in an EB-5 investment. It would be important to document carefully each gift. Also, it would be important to show that each gift was made in compliance with all applicable laws.

Yes, but you will need to provide documentation for each donation/gift. The documentation will include information on how the donor obtained the funds (evidence of lawful source), the accumulation over the years of these gifts in your bank account and gift tax returns if applicable, depending on where the gift was made.

You just need to document each of the gifts.

It is acceptable to use cumulative funds obtained through gifts for EB5 investment. However, you must document the sources of the funds particularly showing that the sources are legal. Advisably, working with EB-5 attorney can help.

They can qualify, but you will have to submit proof that each of the donors obtained the money legally.

Yes, you can use cumulative gifts from relatives over a period of years as long as you can document same.

For each gift, you need to prove how the donors initially obtained the funds that they gifted to you. Are those gifts from their salary, bonus or sale of an asset, etc. Documentation will be needed to prove the source of each gift.

You will need to carefully document the source of each gift.

You can work with an immigration attorney to review the various sources of funds and see if they can be combined into a source/proof of funds report for EB-5.

You could include your bank statements from the date of the first gift through the date of the EB-5 investment showing the deposits and saving of the gifted funds. You could also include your family members&#39 bank statements showing the transfers to your account as well as gift letters from each family member. You will also need to include evidence showing how each family member lawfully earned the gifted funds.

These funds can be used for EB-5 only if you can prove by evidence that the funds were lawfully gifted to you AND lawfully earned by the donors prior to them making the gifts to you.

You are allowed to pool gifts from relatives and friends for purposes of coming up with your EB-5 investment capital and project subscription fee. However, each donor must then provide documentary evidence showing how he/she got those funds that he/she is now gifting to you. For example, if your uncle wants to give you $200,000 which derived from him mortgaging a home, then Uncle Bob must provide evidence showing that he owned the home and the source of the funds he used to purchase the home. This may require your uncle demonstrating his employment and income history to explain how he had accumulated enough funds/credit to purchase the home now being mortgaged for his $200,000 gift to you. I urge you to consult with an EB-5 attorney to help you carefully plan and map out the sources of your relatives&#39 gifts to you.

Because the source of fund must be tracked to its original source, you need to go back and document the source from each member of the family who gave you the gift on how they gathered the funds that they gave you and when they gave that to you with bank records. Gift of few thousands on your birthday or something like that since you were born, for example, need not be tracked but that would not equal $500,000 or a million. Any large chunks of money must be recorded, tracked and proven its source. Otherwise, it would be a red flag for money laundering.

If you have the money, it should not be a problem. You will have to demonstrate the source of the money, and how each relative got that money as well.

It is possible but all funds must be sourced and proven to obtained legally so if your father gives you 100k you must prove father earned the 100k lawfully etc.

The same rule applies as for any other gifts. You would need to document the source of funds of each and every family members who gifted you the funds over the years. You would also want to prepare Gift Letters for each family member who gifted you the funds.

Executed gift instrument from each of the gift givers that states the amount/conditions of the gift etc., would be acceptable. You can indeed use cumulative gifts as source of funds for EB-5 purposes. The gift giver(s) will also have to show evidence of legitimate source of their funds which were gifted to you.

Work with your Investment Immigration Attorney on this and it should not be a problem. The source and path of each gift will need to be documented. The party giving the gift will be required to show the lawful source of the gifted funds.