I did nothing for my DD last year (she started middle school in the 5th grade too).
I think all these graduations are silly - they are just moving to a different school
I know that may seem cold to some people, but I save the celebrations for the really BIG accomplishments.
*After reading this....it sounded really crabby (which I have been lately - long story)
We make a HUGE deal out of certain accomplishments like their religious sacraments, DD making the HS soccer team, DD hitting a grand slam and other personal triumphs they've had.
Going from 4th grade to 5th grade is normal progression of going through school (you have to do it, you have no choice) - I think 8th grade graduation is silly too, but I didn't tell my DD that. High School graduation is a big deal - you made it!! College graduation is a big deal - you made it!!
I know probably EVERYONE is going to disagree with me on this - LOL!!!