I do agree that once you gift a quilt it is no longer yours. However, that can be hard, as they sometimes feel like one of our children.
I made a lap quilt for my grandma when she was living in a nursing home. She loved it, but didn't want anything to happen to it, so she stashed it in her closet! When she passed my aunt gave it back to me. I then gave it to my mom, who still has it.
The year that my dad died (1995), I made 5 small quilts out of his neckties. I gave one to each of my siblings, to my mom and to my grandma (the same grandma who got the quilt). Unfortunately, there were not enough ties to make one for myself. However, when grandma died, I got her necktie quilt back. So, it has a double meaning for me. I display it on my antique 1889 Singer 27 treadle sewing machine.