Notable Dates
- 1948 - founding of Beta Phi Mu at the University of Illinois at Urbana-Champaign
- 1949 - first initiation is held at Illinois
- 1952 - begins publication of its chapbook series
- 1954 - presents its first Distinguished Service to Library Education Award
- 1956 - the Distinguished Service to Library Education Award becomes an official award of the American Library Association
- 1959 - Pi Lambda Sigma merges with, and becomes a chapter of, Beta Phi Mu
- 1969 - Beta Phi Mu admitted to the Association of College Honor Societies
- 1989 - begins publication of its monograph series (successor to the chapbook series)
- 1998 - the society becomes an affiliate of the American Library Association
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