At IU Bloomington, new members of Phi Beta Kappa (PBK) are elected for membership to PBK in ceremonies that are held twice a year, in December and April. Phi Beta Kappa is America’s oldest and most prestigious academic honor society for students of the liberal arts. It was founded in 1776, the same year the Declaration of Independence was signed. PBK members include 17 U.S. presidents, 42 Supreme Court justices, and more than 150 Nobel laureates.