"I pray that the God of our Lord Jesus Christ...may give you a spirit of wisdom and revelation as you come to know God, so that, with the eyes of your heart enlightened, you may know what is the hope to which God has called you, what are the riches of God's glorious inheritance among the saints, and what is the immeasurable greatness of God's power for us who believe, according to the working of God's great power." (Ephesians 1:17-19)
This is one of the readings for today, May 21st. St. Paul prayed this for the community in Ephesus. I think it is a beautiful prayer for parents to pray for their children. What great gifts to pray for: Wisdom and knowledge of God, the hope for becoming the person God created you to be, the "riches" (greater than money & stuff!) and blessings - peace, joy, love - of being counted as God's own child, and the gift of God's Spirit to empower you in all that you do.