Tara and Scott Wells established the Ruby Kate Wells Memorial Fund after their 16-month-old daughter unexpectedly died in 2008.
The fund provides educational opportunities for students that are less fortunate.
"Often times it is one significant, meaningful, in-depth relationship with a child that can help take them out of the realm of poverty," Tara Wells said.
Wells is also the principal of Pershing Elementary in St. Joseph.
Last year's winner was Todd Shalz from Mark Twain Elementary, who took his students to tour a television station in Kansas City.
This year's scholarship will be awarded in January and teachers have a couple more weeks to apply.