Phi Beta Kappa recognizes and rewards excellence in the liberal arts and sciences through chapters at qualified colleges and universities. Beta Chapter of Iowa at Grinnell College was chartered in 1907, the 70th chapter in the nation and second in Iowa. The organization contributes to the intellectual life of the college by recognizing exceptional student achievement through annual election of new student members, sponsorship of two awards, and by hosting an annual Convocation by a Phi Beta Kappa Visiting Scholar or other distinguished guest.