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The Wallace Foundation describes principal leadership as “second only to teaching among school-related factors in its impact on student learning.” Principal preparation and principal leadership are not only key elements in the success of students, but are also imperative for the social, emotional, and academic lives of Black students in public schools. Drawing on relevant research and the mission of the Wallace Foundation, this lecture will focus on the importance of and the imperative for effective principal preparation programs and principal leadership for Black students in public schools.