In 1904, Alpha Kappa Psi was founded on the principles of educating its members and the public to appreciate and demand higher ideals in business and to further the individual welfare of members during college and beyond. The Alpha Kappa Psi Foundation was established in 1951 as a public, charitable and educational foundation. Its mission is "Providing resources for enhancing the educational experience of future business leaders." Currently, the foundation distributes more than 30 grants and scholarships to undergraduate and graduate students. It also supports educational programs that develop leadership and professional development skills. Founded at Bentley University in 2011, the Psi Lambda Chapter of Alpha Kappa Psi has flourished as an embodiment of the ideals held by the world's oldest, largest, and most prestigious professional business fraternity. Every member is held to a standard of conduct and professionalism set by our national organization and by our University whilst fostering an environment of brotherhood and service.