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AEPi was founded in 1913 under the Washington Square Arch at New York University (NYU) by Charles C. Moskowitz and 10 other Jewish men: David K. Schafer, Isador M. Glazer, Herman L. Kraus, Arthur E. Leopold, Benjamin M. Meyer, Arthur M. Lipkint, Charles J. Pintel, Maurice Plager, Emil J. Lustgarten, and Hyman Shulman. These men are known as the "Immortal 11." Their first pledge was Samuel L. Epstein.
Charles C. Moskowitz had just transferred to New York University’s School of Commerce from the City College of New York. Several fraternities at the School of Commerce expressed interest in him and one gave him a bid. The name of that fraternity is unknown. When Charles asked if his close Jewish friends could join as well, he was told that the invitation was for him alone. At this point, the group of 11 men began meeting regularly in a German rathskeller. Official school recognition of AEPi was granted on November 7. The founding members always intended for AEPi to be a national fraternity. The NYU group was designated "Alpha Chapter."