Iota Phi Lambda Sorority, Inc. is the first greek-lettered sorority established by African American business women. Founded in 1929, the organization is a national sisterhood of qualified business and professional women focused on inspiring, fostering and assisting those engaged in business vocations. They also focus on promoting increased interest in the broad field of business education among young adults in high school and college 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.

Kappa, Iota Phi Lambda Sorority, Inc's Baltimore Alumnae Chapter, was chartered on July 8, 1940 at the Cortez Peters Business School (the first African-American business school in the US) by twelve business pioneers and continues to be a proud extension of the organization's vision, ideals and values. 

Kappa Chapter Charter Members:

• Parthenia A. Murdock
• Evelyne Cauthorne Craille
• Pearl A. Bond
• Beatrice Dorsey Tucker
• Elizabeth D. Randall
• Louise Johnson
• Lucille Watts Gibson
• Emma Hilson Brown
• Josephine E. Wallace
• Bernyce Weaver Welling
• Evelyne D. Wilkey
• Vivian W. Young