Gift giving is one of the things godparents and event aunts/uncles do to their nieces and nephews. Thus, in every occasion those kids come up with aunts/uncles and godparents should never forget in giving them surprise.
There are lots of ideas on what to gift to your godchildren or perhaps your nieces and nephews that depends on their ages and of course on what event they are celebrating too such as graduating, gifts for the grads on your list should come up with gadgets or if not savings for their banks. As they grow older each day, the more we should be practical on what to give them instead. But what matters the most, is that you know they are worth to be awarded.