I meant to post this pic before break just in case you needed any ideas for gifts but.....
please see above. :)
I made these gifts for my second grade team. They were super easy and not very expensive. I bought frames from Michael's in a 4 pack for $19.99. I bought 2 packs with my 40% off coupon on each. I bought the initial letters there also for $2.99 each. I printed a background (chevron, swirly, etc.) on cardstock and hot glued the letter in the middle. I added ribbon to hang and turned out super cute! They LOVED them! Good idea for end of the year gifts also.
Oh, and I made one for my son's teacher too.