Money is very popular under our Christmas tree! For the younger ones, make them doll quilts/toy bags/laundry bags - same thing but they can be used however the child wants to use them.
These are very easy to make, you don't need batting although you can use it, and they can be personalized to each child. The pictures I'm inserting don't have the handle on them yet. The handle is just big enough to fit over a door knob and also makes it possible for a child to drag his/her treasures around. The oklder kids might enjoy the little bag stuffed with a travel size pillow.
You can use a few of your UFO blocks for these little bags!
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