[1] Since 1952, the Society has presented a book award to recognize exceptional performance in mathematics at the matriculation examination, encouraging and celebrating academic excellence.
[3] Since 2001, the Society has been hosting the biannual conference "Stærðfræði á Íslandi"/"Mathematics in Iceland.
[4] The committee of Danish Mathematical Society wrote a letter to inform Ólafur Daníelsson about the journal and the financial support they would provide.
[4] The funding was planned to be allocated in proportion to the number of inhabitants in each country, resulting in a 1% share of the costs for Iceland.
[4] The Ministry of Education in Iceland was the pioneering entity to provide financial support for the establishment of Mathematica Scandinavica.
[4] Subsequently, significant grants were provided by the Icelandic Life Insurance Companies to facilitate its setup.
(iv) Promote the relationship between mathematicians within and outside the country and represent the members of the Society to related non-governmental organisations.
The Annual General Meeting has the supreme authority in the affairs of the Society and will be held in January each year.
[2]The Society has bestowed honorary membership upon three individuals: Ólafur Daníelsson, Leifur Ásgeirsson and Sigurður Helgason.