It was founded by 16 mathematicians, Stanisław Zaremba, Franciszek Leja, Alfred Rosenblatt, Stefan Banach and Otto Nikodym were among them.

[1] Ever since its foundation, the society's main activity was to bring mathematicians together by means of organizing conferences and lectures.

The Polish Mathematical Society has awarded the Stefan Banach Prize to the following recipients:[2] The International Stefan Banach Prize (Polish: Międzynarodowa Nagroda im.

[3] Its aim is to "promote and financially support the most promising young researchers" in the field of mathematics.

It was founded in 2009 and is named in honour of a renowned Polish mathematician Stefan Banach (1892-1945).