The Iota Alpha Chapter Scholarship was established in 2018 by the Iota Alpha Chapter. The 2025-2026 recipient was Alexis Armendariz, Iota Alpha.

The Rosemary House Brevard Leadership Fund for Iota Alpha Chapter was established in 2019 by Rosemary House Brevard, Delta—University of Texas, Austin, as part of her commitment to the We Believe Campaign. This fund will provide the opportunity for a member of Iota Alpha Chapter to attend a leadership program offered by Alpha Delta Pi Sorority. This leadership fund will provide support for chapter members to attend Grand Convention in 2026.