The Iota Psi Lambda Chapter of Alpha Phi Alpha Fraternity, Inc. offers financial assistance to deserving, graduating seniors in celebration of their academic excellence and their contributions to school and community. This fund is a charitable cause of the Iota Psi Lambda Albuquerque Alumni Chapter of Alpha Phi Alpha Fraternity, Inc. and is administered through the E.S. Foster Education Assistance Trust, a United Way 501c3 charity.

The Iota Psi Lambda Chapter of Alpha Phi Alpha Fraternity, Inc. facilitates a comprehensive mentoring program for high school males within the Albuquerque community.

AMP is designed to address the academic, social, and cultural needs of young minority high school males. Members of the AMP initiative are mentored closely throughout their freshmen and sophomore years of high school in the areas of academic excellence, community awareness, and cultural activism.

The Black and Gold Scholarship Banquet is the chapter’s annual fundraiser held in the Spring.