A dataset containing demographic information, gifted nomination status, and gifted identification status for all elementary school students in the state of Georgia (N = 705,074) was examined. The results indicated that automatic and teacher referrals were much more valuable than other referral sources. Asian and White students were much more likely to be nominated than Black or Hispanic students. Students receiving free or reduced-price lunches were much less likely to be nominated than students paying for their own lunches. The results suggest that inequalities in nomination, rather than assessment, may be the primary source of the underrepresentation of minority and low-SES students in gifted programs.