Phi Kappa Phi insists upon high quality in the institutions to which it grants chapters, e.g., strong faculties and ample libraries. It thus fulfills an obligation to assure its initiates that they are coming into a truly significant organization. Each chapter may send one official delegate to a convention. The executive director is in charge of the Society's national office. Every chapter must hold at least two meetings a year and is encouraged to be active in various ways.
Many chapters cite students for excellence as early as the freshman year.
Some sponsor an annual Honors Day. Many of them grant awards or give scholarships to students and researchers doing work of scholarly quality. Some also extend recognition to superior teachers. The aim, however, is not to give the recipient something which may encourage complacency, but to challenge the member to continued excellence. The Society publishes a quarterly journal for distribution to its active membership.