Phi Sigma Pi shall be an Honor Fraternity for students in four-year collegiate institutions and Phi Sigma Pi alumni, founded upon a basis of superior scholarship with the avowed purpose of advancing academic, professional, and social ideals. Phi Sigma Pi shall exist to meet the needs of close fellowship among students of like ideals who are interested in the same end. In carrying out the purpose of Phi Sigma Pi, the organization shall strive to personify and encourage three ideals: - The acquisition and dissemination of information and knowledge through scholarship, - The application of professional skills and the fostering of leadership qualities by promoting and advancing the welfare of humanity, and - The fostering of non-discriminatory, fraternal fellowship within Phi Sigma Pi's rank