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Offer to rent it to her for $150/mo. That way you retain control, but she can use it... and you've monetized it.
Domain renting has been a thing... well... for as long as there have been domains.
You never give her control of the domain through the registrar. You just point the nameservers to wherever she says and agree to setup any other DNS records she requires (cname, mx, etc.).
Complete a rental agreement (there are plenty around and pretty straight forward to the point where I doubt you'd need an attorney) to remove liability for her content. It's the same as renting equipment to someone. Or anything.
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