Love this idea, you could use school colors (if they have them) for the blocks or you could just use a rainbow of colors.
http://www.candlewoodquilts.com/ebay...ry-quilt-1.jpg
Here is a handprint quilt book that you might be able to find at the library.
http://www.trinityquilts.com/item.ph...ategory_id=771
I love this idea if you have the time and patience to do it.
http://www.kideas.com/show/90 scroll down to the butterfuly. You could make a quilt block that says something like, Mrs. SoandSo Thank you for giving us wings to fly.
You could also do a heart out of both hands, those are really cute!