Under the law, a “gift” is a free exchange with no expectation of reward and no expectation of payback. There is no such thing as an excess gift. If someone gives you something, it is yours forever.
If there are strings attached, or rules or payback requirements, then it is not a gift. It might be a contract in which you receive money after making a promise to do something in exchange, or it might be a loan, but it is not a gift.
This is not an income tax question because gifts are never taxable income. If you have additional questions, you may need to see an attorney in your local area.
