Big-budget diversity initiatives on a number of campuses have drawn praise and skepticism in recent years. The praise sounds like this: money dedicated to a cause signals its value and enables needed change. The skepticism centers on questions such as whether all students will benefit from, say, the hiring of 20 new professors who contribute to an institution’s diversity goals, or whether well-funded campuses will simply poach inclusion-attuned scholars from others, leaving winners and losers.