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In October 1916, the Ithacan migrants of Melbourne established the ITHACAN PHILANTHROPIC SOCIETY "The Ulysses", with an inaugural membership of some 153 members. This was in response to pleas for aid from their loved ones in Ithaca who were suffering deprivation during the First World War.

Over the years, however, the Society has been much more than just a philanthropic institution. It has been a constant in the lives of the early Ithacan migrants replacing the homeland which they had left.

The Society takes an active role in the cultural, social, educational and quality of life interests of the Ithacan Community. The Society, as part of its philanthropic role, also makes many monetary contributions to worthy causes, including those outside the immediate Ithacan community. The Society celebrated its 90th Anniversary in 2006.