Found at Meri Cherry, these simple sock puppets are a great little gift for kids and easy to make too. Although these buttons are glued on, if they are for children under three then it's best to stitch the buttons on.
This heart art lesson at Dali's Moustache is done with Kindergarteners, but the unstructured nature of it makes it a great project for families or groups of different aged kids. I especially love the use of neon tempera!
Beaded bracelets are fun for kids to make plus you can also include a little math readiness by working with patterns and sequencing. Since the beads are strung on chenille stems, they are easier for little hands too. More details can be found at scrumdilly-do!