| Lambda Iota Society | |
| Letters: | Greek, Ancient (to 1453);: ΛΙ |
| Crest: | File:The_crest_of_Lambda_Iota_Society.png |
| Birthplace: | University of Vermont |
| Affiliation: | Independent |
| Status: | Merged |
| Successor: | Pi Kappa Phi |
| Type: | Social |
| Scope: | Local |
| Chapters: | 1 (Merged) |
| Mascot: | Owl |
| Address: | 440 Pearl Street |
| City: | Burlington |
| State: | Vermont |
| Zip Code: | 05401 |
| Country: | United States |
Lambda Iota Society (Greek, Ancient (to 1453);: ΛΙ) was a local fraternity at the University of Vermont until it merged with Pi Kappa Phi in 2018.
Lambda Iota was founded on at the University of Vermont.[1] The Fraternity began as a secret literary society. There were thirteen original members who met regularly to share the written and spoken word. The Founders were:
Until its loss of university recognition in 2007, Lambda Iota was the oldest existing local fraternity in the state of Vermont and the eighth oldest fraternity in the nation. Members included statesmen, academics, and successful businessmen.
The place that members called home since the completion of the structure in 1913 is located at 440 Pearl Street, Burlington, Vermont. Members of Lambda Iota were commonly known as "Owls" after their mascot.
In 2007, the society lost university recognition for 8 years. Following this, a federal investigation was conducted surrounding cocaine trafficking that had occurred at a house owned by the society.[2]
On the young Kappa Rho chapter of Pi Kappa Phi fraternity on the Vermont campus was renamed as the Lambda Iota chapter in a partnership with Lambda Iota Society alumni, and took up residence in the historic Pearl Street mansion. Remaining a chapter of Pi Kappa Phi, the two organizations thus re-established in this fashion the underground local fraternity as a recognized campus community member.[3]
Since the late 1990s, a group of older Owls have been working to develop a charitable foundation to assist current Owls with financial assistance for their studies. Since its creation, the foundation has raised thousands of dollars through donations and other charitable ventures.