This paper outlines a preliminary document analysis of the intersection of two prominent discourses in the Western public academy: equity and internationalization. Particular dilemmas arise for people who self-identify as lesbian, gay, bisexual, or transgender (LGBT). These dilemmas, I propose, exemplify impacts of the neoliberal compulsion to let financial costs and benefits drive change. After explaining the globalizing discourses of LGBT rights and internationalization, I use texts from my home university to illustrate the implications of their convergence for post-secondary institutions and the LGBT people who work and study within them.