The place that members called home since the completion of the structure in 1913 is located at 440 Pearl Street, Burlington, Vermont.

Following this, a federal investigation was conducted surrounding cocaine trafficking that had occurred at a house owned by the society.

[4] On October 2, 2019, the Kappa Rho chapter of Pi Kappa Phi fraternity on the Vermont campus was renamed as the Lambda Iota chapter in a partnership with Lambda Iota Society alumni, and took up residence in the historic Pearl Street mansion.

Remaining a chapter of Pi Kappa Phi, the two organizations thus re-established in this fashion the underground local fraternity as a recognized campus community member.

Since its creation, the Minervan Foundation has raised thousands of dollars through donations and other charitable ventures.