The Stanford Challenge is educating leaders to prepare them for the complexities they will face as they take up their roles in society. New initiatives aimed at improving K-12 education, enhancing the arts and creativity, reinventing graduate education, and extending the renaissance in undergraduate education reflect our commitment to building the extraordinary talent needed to address the challenges and exploit the opportunities of the new century. Increased support for undergraduate scholarships and graduate fellowships is needed to ensure access and attract the very best students.