This report summarizes findings and recommendations from a convening, "Accelerating Change for Women Faculty of Color in STEM: Policy, Action, and Collaboration," that was designed to address the underrepresentation of women of color in STEM academic careers. The convening provided an opportunity for individuals who work in various sectors--including academia, government, corporations, and nonprofits--to share their experiences and knowledge about conditions for women of color in academic STEM careers and approaches that can facilitate their success and continued advancement. Speakers and participants addressed a range of topics, including current data illuminating the status of women of color in STEM, areas where progress has been made and places where it has stalled, as well as current initiatives to increase the representation of women of color in STEM faculty positions. They also discussed key areas of potential change (e.g., policy, institutions, and philanthropy) and actions that need to be taken within each area. The report concludes by summarizing recommendations for advocates, funders, and institutions to improve the status of women faculty of color in STEM. These recommendations include: (1) Advocacy Recommendations; (2) Recommendations for Improving Funding Opportunities; and (3) Recommendations for Improving Institutional Practices. Through more concerted, focused, and widespread efforts to accelerate progress for women faculty of color, the nation as a whole will advance its global leadership in STEM. The following are appended: (1) Figures and Tables by Gender, Race/Ethnicity, and STEM Discipline; (2) Advisory Committee; (3) Convening Participants; (4) Convening Agenda; and (5) Speaker Biographies.