The literature on faculty diversity initiatives heavily consists of best practice recommendations that lack empirical support. Consequently, the authors conducted a survey study to better understand the types of faculty diversity initiatives used by colleges of engineering at Research 1 universities, the financial resources that fund them and their potential influence on changes in percentages of underrepresented minority faculty members. The authors found that the most common recruitment and retention initiatives used were diversity training for search committees and diversity/inclusion training for faculty, respectively. In addition, statistically significant predictors primarily consisted of recruitment initiatives, supporting past qualitative research that has demonstrated retention efforts for underrepresented minority faculty have been less than successful. Results are interpreted through socialization theory.