During the fall of 2012, the Donnell-Kay Foundation surveyed the state's superintendents and charter network leaders to better understand the principalship in Colorado today. Some key findings of the survey are presented in this report. The findings include perceptions that there is a shortage of quality leaders to run Colorado's schools, that the quality of principal preparation is extremely poor, and that professional development and accountability are levers to improve the quality of leadership. Information gathered in the survey, as well as research into national trends and promising practices on school leadership, serve as the basis for the recommendations presented. A chart titled State Principal Data Guide: Data Elements is appended. [For "Promising Leadership for School Turnarounds. The School Leadership Pipeline Series. Part 2," see ED558133.]