The Icelandic Mathematical Society was founded in October 1947 in Reykjavik on the 70th birthday of Olafur Dan Danielsson.
The Society collaborates with other Scandinavian mathematical societies in publishing Mathematica Scandinavica and Nordisk Matematisk Tidskrift. Danielsson agreed that the Society would participate in publishing these journals in 1951 and the two journals appeared in 1953. Because of the small population of Iceland compared with other Scandinavian countries, it was only required to contribute 1% to the financial costs. In fact the Ministry of Education in Iceland was the first to give financial suppert and major grants were made for the setting up of Mathematica Scandinavica by Icelandic Life Insurance Companies.
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