The award is unique in New Zealand and reflects the calibre of the town's young people.
It is in memory of the late Constable Graeme Wackrow and was presented to the town by his parents in 1987.
Constable Wackrow was killed in a car accident while serving with the New Zealand Police in Dannevirke.
An honours board of the award is displayed in the foyer of Dannevirke Police Station.
The judging panel is made up of five community members who looked at the nominees' community service and their contribution to supporting the work of local voluntary organisations and groups.
This year's judging panel was Dannevirke Police Sergeant Gary McKernon, REAP manager and community representative Claire Chapman, and Dannevirke Community Board members Terry Hynes and Kim Spooner-Taylor and Cr Erana Peeti-Webber.
Judging took place on Monday, August 17, when each candidate faced the judges in a 10-minute interview.
The winner will receive $500 and hold the trophy for a year, second placegetter will receive $300 and third will receive $200.
The event, which starts at 7pm, is hosted by Dannevirke Community Board. Entry is free.