Historically Black Colleges and Universities (HBCUs) are engines of upward mobility and job creation for their graduates, and these recent investments are imperative if the nation is to see progress in racial, social, and economic equity. Yet, many outside the Black community do not know much about these illustrious institutions, how their existence has countered the narrative of White supremacy, and how--despite the effects of discriminatory funding--they have continued to survive for over a century. This report does not provide the full history of the financial challenges at HBCUs but rather share key historical events that have led to dire inequities in funding to HBCUs, while highlighting the current challenges in funding, and sharing how the proposed higher education investments by the Biden administration can help move the conversation forward and see policy recommendations that close the gap. This report then makes a policy recommendation to ensure HBCUs' financial stability and continued commitment to academic excellence. More specifically, the federal government should make an unprecedented one-time investment to provide HBCUs with the financial security of a healthy endowment.