Psi Iota Xi Charities, Inc. is managed by a 13-member board that meets monthly to supervise and administer the policies and procedures of the Bargain Box. Members, who serve two-year terms, are selected from the membership of Alpha chapter of Psi Iota Xi. The president of Alpha Chapter and the immediate past president of Psi Iota Xi Charities, Inc. serve as non-voting, ex-officio members.