Ok, then we are in accord. My parents made us put 50% of every cash gift we received into our savings accounts which our parents controlled. My siblings and I ended up with tidy sums when we became legal adults. Its was peanuts in today's dollars, but mine paid for my 1st year college tuition and my sister's paid for her first car.In that case I would agree that the gift was a gift of a present interest. But if the donor arranges with the parent to keep it out of the kid's hands until the kid is older then it is not a gift of a present interest; that's a trust like arrangement and the gift of a future interest.