Iota Phi Lambda Sorority, Inc., founded in 1929 in Chicago, Illinois, is a national business and professional women’s organization which strives to:
 

• Unite in sisterhood qualified business and professional women in order to enhance and improve the status of women in our highly complex, competitive business and professional world;

• Promote increased interest in the broad field of business education among high school and college young women through planned programs and scholarships;

• Encourage the development of personal goals and leadership potential; and

• Establish and promote civic and social service activities for youth and adults.

 

The Sorority’s national theme: Business and Professional Women: Furthering the Dream of Economic Independence seeks to focus on advancing the economic foundations of women through leadership, entrepreneurship, education and technology. In addition, the Sorority aims to:
 

• Make worthwhile contributions to the changing socio-economic patterns of our time;

• Project the philosophy of the pursuit of excellence in all worthy endeavors among youth and adults;

• Develop leadership expertise among business and professional women.

​