Led by Peter Henry at New York University’s Stern School of Business, the Ph.D. Excellence Initiative (PHDEI) seeks out promising students of color who recently graduated with a baccalaureate degree in economics and offers them high quality coursework, training, and research experience designed to make them very competitive candidates for admission to top economics graduate programs. Incoming PHDEI students take two courses per semester (tuition is covered by NYU), and receive mentoring and research experience through Henry and participating economics faculty at NYU and other institutions. Grant funds support the administration of the program for four years, along with associated outreach, communications, and evaluation activities. Additional funds support an annual summer conference at which current and former research assistants and PHDEI fellows, joined by supportive faculty mentors, will present their research.