In 2003, the Institute of Medicine noted the need to improve workforce diversity. The American Society of Hematology (ASH) responded by developing the Minority Recruitment Initiative (MRI) to recruit diverse physicians/scientists into hematology. We evaluated the outcomes of the program. From 2004-2022, there were 405 awardees. Compared to national estimates, MRI awardees were less likely to discontinue their degree programs. MRI graduate student awardees 0% attrition (97.5% confidence interval (CI) 10.6%) while national minority graduate student attrition was 36%. Medical student awardees had 2.2% (95% CI 0.61%, 5.6%) attrition compared to minority medical school attrition of 5.6%. Awardees were more likely than expected to pursue hematology-oncology (5.7% minority national estimate) as 14.4% (95% CI 8.1%, 23.0%) of medical student awardees and 88.5% (95% CI 70.0%, 97.6%) of early career awardees remain in the field. ASH has developed a successful program, but continued efforts are needed to advance equity in hematology.