Ind. Code § 2-7-1-4 – "Gift"

(a) "Gift" means the voluntary transfer of anything of value without consideration.
(b) The term does not include a contribution (as defined in IC 3-5-2.1-27 ).
As added by Acts 1981, P.L.9, SEC.1. Amended by P.L.9-1993, SEC.3; P.L.58-2010, SEC.8; P.L.186-2025, SEC.3.