This study updates previous Education Trust briefs that looked at public, four-year colleges that successfully improved minority graduation rates and narrowed graduation-rate gaps. This new report examines which four-year, nonprofit colleges--public "and" private--have made the most improvements for Hispanic students. Because for-profit institutions are a distinct subset of colleges, the authors have explored trends in their outcomes in a separate report. In a companion brief, they profile colleges that have made the most progress for another important group of underrepresented students: African Americans. By highlighting this diverse set of institutions, they find that: (1) Institutions can benchmark their progress toward producing more degrees in two ways: Some colleges can focus on making gains in graduation rates for their Hispanic students, while others can focus on closing gaps between Hispanic students and white students; (2) The starting point doesn't matter: Progress is possible for all types of institutions. Some can start by making substantial gains in graduation rates, while others can sustain previous progress made; still others can narrow gaps between Hispanic students and their white peers even if they've had large gaps in the past; and (3) Only when colleges institutionalize the policies and practices that make programs for underrepresented students successful will they bring about a transformative process that benefits all students, and Hispanic students in particular. (Contains 5 figures, 6 tables and 22 notes.) [For related report, "Advancing to Completion: Increasing Degree Attainment by Improving Graduation Rates and Closing Gaps for African-American Students," see ED535504.]