1. Short title This Act may be cited as the United Negro College Fund, Inc. Congressional Gold Medal Act . 2. Findings Congress finds the following: (1) Historically Black Colleges and Universities (referred to in this Act as HBCUs ) were established during a time when African Americans seeking to further their education was a dangerous undertaking and illegal in many areas of the United States. (2) HBCUs initially educated the progeny of slaves, and the graduates of those institutions have been impactful as 80 percent of all African-American judges, 80 percent of all African-American doctors and dentists, 50 percent of all African-American lawyers, 50 percent of all African-American professors, 50 percent of all African-American public school teachers, 40 percent of all African-American Members of Congress, and 40 percent of all African-American engineers, while educating only 10 percent of all African-American students in higher education. (3) According to a United Negro College Fund, Inc. (referred to in this Act as the UNCF ) study, the annual economic impact of HBCUs is over $14,800,000,000 a year, the institutions generate 134,090 jobs for their local and regional economies, and 1 annual class of HBCU graduates constitutes over 50,000 graduates with a lifetime earnings of $130,000,000,000, 56 percent higher than what they could have expected to earn without their HBCU college credentials. (4) The UNCF, established in 1944, is the premiere fundraising and scholarship organization in assistance of HBCUs and African-American students. (5) In its 80 years of existence, the UNCF has raised over 7,000,000,000 in private donations for HBCUs and African-American students. (6) On an annual basis, the UNCF awards $100,000,000 in scholarships to 10,000 students at hundreds of colleges and universities. (7) UNCF also provides grants to its members, which include: Miles College, Oakwood University, Stillman College, Talladega College, Tuskegee University, Philander Smith College, Bethune-Cookman University, Edward