Conceptual discussions about LGB people of color suggest that, compared with White LGB individuals, LGB people of color may be exposed to greater levels of heterosexist stigma and its deleterious correlates (greater risk) or may be more resilient to such stigma (resilience). This study tested tenets of these two perspectives with a sample of 178 LGB persons, about 50% of whom identified as White and 50% as people of color. Findings suggested similarities between LGB people of color and White LGB individuals in levels of perceived heterosexist stigma, internalized homophobia, and comfort with disclosure of sexual orientation and in relations of heterosexist stigma with sexual orientation disclosure variables. But, compared with data for White LGB participants, data for LGB people of color suggested lower levels of outness and a weaker relation between perceived heterosexist stigma and internalized homophobia. Implications of these findings for further research and practice are discussed. (Contains 3 tables and 2 notes.)