The NABOB Telecommunications Education and Management Foundation is a 501(c)(3) tax-exempt non-profit corporation founded in 2001 to educate and train the next generation of leaders in the telecommunications industry. The NABOB Foundation provides scholarships to college students pursuing careers in broadcast and telecommunications management. The NABOB Foundation also provides training fellowships to participate in NABOB management conferences to young entrepreneurs and broadcast managers. The NABOB Foundation is a training ground to ensure that, as the telecommunications industry continues to grow and diversify, minority entrepreneurs will have a meaningful role in owning and managing telecommunications businesses.