The Nichols-Chancellor's Medal is an annual medal that is awarded by Vanderbilt University. The Nichols-Chancellor's Medal is awarded to those persons who define the 21st century and exemplify the best qualities of the human spirit. The Medal is awarded on each Senior Class Day to persons chosen by Vanderbilt's Chancellor with the advice of the faculty and students. Senior Class Day is the day before Vanderbilt's spring undergraduate commencement. In 2020, Senior Class Day was renamed Graduates Day to be more inclusive to all Vanderbilt students, including graduate, professional and undergraduate students, who will earn a degree the following day. The Medal includes a cash award and is one of the university's highest honors.