it's the thought that counts. Money often comes across as a thoughtless (easy) gift, and often comes with strings attached, which is why it's not often used in western culture. Money is a great gift for someone who really needs it.
Perhaps ask the opinion of others in a similar situation first?
There are a lot of overtones to money, perceived status signalling being an ugly one. I have more than one friend that really needs money, but they would definitely feel hurt if I did the simplest thing and just gave them money, so I have to be more creative to find ways to help that are joyful.