I think it will be a nice. My girls loved actual presents instead of cash and B&B was always a welcome gift.
What I think is tacky is the last few years I receive graduation notices from a lot from kids I've seen a few times when they were babies. The parents were friends at one time but have drifted away, haven't heard from them in years. Now when their child is graduating I am a family friend. The child does not know us at all. I'll send a card saying congratulations if I send anything at all. My kids weren't allowed to send out notices to everyone in our address book. Only family and close friends of the family.