[1] SeriousFun Children's Network, founded by Beta chapter alumnus Paul Newman, is Phi Kappa Tau's National Philanthropy.

For that reason, the Miami chapter withdrew from the National Phrenocon and adopted the name Phi Kappa Tau on March 9, 1916.

As part of their risk management policy, Phi Kappa Tau prohibits chapters from engaging in hazing and underage drinking.

[3] Phi Kappa Tau is committed to ensuring the well-being and safety of its members by implementing measures that prioritize their welfare and promote a positive and supportive environment.

[4] Phi Kappa Tau has been a member since 1916 of the North American Interfraternity Conference (NIC), a consortium of national men's social fraternities.

[1] The Foundation's significant expansion began in 1983 with the announcement of a challenge gift of over $1 million from Ewing T. Boles, a member of fraternity's Delta chapter at Centre College.

Each chapter council is granted a vote at the National Convention, the fraternity's supreme governing body that convenes biennially.

Michael McCrum (Texas State) is national president and Douglas C. Adams (Miami University) is chair of the Phi Kappa Tau Foundation.

[5][6] In November 2006, the Phi Kappa Tau Upsilon chapter at Nebraska Wesleyan University experienced the death of Ryan Stewart, age 19, and the critical injury of three other students in an early morning house fire.

[15] In 2012, the College of William & Mary suspended Phi Kappa Tau for three years due to a repeated history of hazing, culminating in an incident when something was stolen from Colonial Williamsburg during a scavenger hunt held for new recruits.

[20] In 2016, the Miami University suspended the fraternity for at least four years for forcing pledges to participate in abusive workouts, be held overnight against their will, and act as servants by cleaning members' rooms and writing their papers for them.