In 2003, the school completed construction of the first phase of a campus master plan - the largest capital project in the school's history. The next phase is now being developed.
Teachers and administrators at Iolani School have developed a curriculum that teaches not only the basics (reading, writing, and mathematics), but is also said to teach the 1,800-plus students how to develop thinking, reasoning, and problem-solving skills; "to explore conceptual frameworks, to see the connectedness of bodies of knowledge, to hone verbal skills, and to discover individual creativity."