The purposes of BOB Fund for Children, Inc. are to: promote public awareness and understanding of financial and emotional hardships on, and needs of, children and young adults affected cancer in their families; promote programs assisting children and young adults suffering financial hardships and disadvantages resulting from a family diagnosis of cancer, and to that end, promote and facilitate the admission and free attendance of such children and children diagnosed with cancer at sumer camps, day camps, after-school programs, and support programs; and to promote and facilitate the administration of college and other scholarships for children and young adults by other appropriate nonprofits as described in section 501(c)(3) of the IRC.