The Alpha Kappa Psi Scholarship Fund awards scholarships to students who attend the Carlson School of Management who have strong academic records and leadership experience. The Scholarship Fund was founded by several alumni of the Alpha Eta chapter of Alpha Kappa Psi. Since 1988, the Scholarship Fund has awarded over 1 million dollars in scholarships to over 200 recipients.

The Alpha Eta chapter of Alpha Kappa Psi was founded at the University of Minnesota in 1922. The co-educational professional business fraternity helps its members find balance in college through community service, professional activities, social events, and an extensive network of current and past members. Many of the Carlson School’s most successful alumni have been affiliated with Alpha Kappa Psi.