This document provides an overview of the XSEDE project from its director John Towns. It discusses what XSEDE is, highlights from the past year including new resources and services added, the results of an annual review, and objectives for the coming year. The goals of XSEDE are outlined, including deepening the impact of cyberinfrastructure, preparing researchers, collaborating with institutions, creating an open environment, expanding capabilities, and raising awareness. Challenges faced as a distributed virtual organization are also noted.