Iota Phi Lambda Sorority, Inc. is a national business and professional sorority which seeks 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.