Phi Kappa Psi encourages all its Brothers to express the true measure of their abilities and personalities through the great joy of serving others. Although the Fraternity is not itself a religion, its ethical principles are derived from ancient wisdom and hallowed traditions that serve to advance the noble elements within human nature and thus work to overcome baseness and corruption. Phi Kappa Psi affirms its sense of fraternity to be joyous and life-giving for men capable of comprehending and accepting the meaning of its privileges, challenges and obligations. Relying on the discipline and responsibility of its individual Brothers, Phi Kappa si, alone of all fraternities, entrusts the governance of its Chapters and of the general Fraternity to its student leaders, whose exercise of authority is balanced and complemented by its alumni.

For young men Phi Kappa Psi helps to shape the random experiences of the college years into a more stable form in which life begins to reveal larger, clearer purposes, and friendships become firm and lasting. In the middle years the Fraternity helps to sustain mature men in the settled courses of life, strengthening their resolve and renewing their spirits through the ripening of friendship. In later life the Fraternity helps to impart the harmony and wholeness that can lead the principled man, upheld by the loyalty of his friends, to understanding and contentment. Above all, Phi Kappa Psi creates a moral order for the conduct of life that, generation after generation, unites men of honor, decency, and good will in enduring friendship and Brotherly love.