The Icelandic American Society was founded in 1940. In the early days, the Society played an important role in the cultural life in Reykjavík and rapidly established an important position in assisting Icelandic students interested in education in American universities through the arrangement of financial grants. The Thor Thors grant was established in 1965 and has been a source of significant financial support for Icelandic students in the United States ever since. The Icelandic American Society is a sister society of The American-Scandinavian Foundation (ASF) in New York, having the function to promote cultural exchanges between the United States and the Nordic countries.

The primary role of the Icelandic American Society today is to assist Icelandic students interested in studying in the United States. Additionally, however, the Society aims to build stronger connections with the various societies of Icelanders living in the United States as well as the interaction between those societies. The purpose of this web site is, among other things, to accomplish this objective. The web site already contains links to interesting web sites with the aim to add new ones to those with the passage of time. It is important that those who have an interest in adding their input to the operations of the Icelandic American Society feel free to do so and the e-mail link on this web site is ideally suited for such purposes.