One of the guilds I belong to has new member tote bags. Each new member gets one. The bag includes a member book with all members and phone numbers listed, copy of the by laws, meeting agenda, guild calendar of events and a member pin and card. A new rotary cutter, a 5" x 10" EZ Jelly Roll ruler (for charm and layer cake cutting) and a jelly roll. We may have a couple of new members a year so the expense isn't much at all.
I gave each of my sew group a composition book of graph paper and a box of colored pencils. I made fabric covers for the books. with an outside pocket to hole the box of pencils. I bought a lot of the books and pencils at the back to school sale so each gift cost me under $3. I didn't count the cost of fabric for the cover, it was sitting in my stash so I consider that free.