Psi Chi was founded in 1929 "for the purposes of encouraging, stimulating, and maintaining excellence in scholarship and advancing the science of psychology."' Election to the Cornell Chapter (established in 1993) recognizes academic excellence in the field of psychology.
-Cornell College Catalogue 2002-2004

Psi Chi is a member of the Association of College Honor Societies and is an affiliate of both the American Psychological Association (APA) and the American Psychological Society (APS).