The Icelandic Visual Art Copyright Association's mission is protecting the interests of its stakeholders in copyright related matters. This may refer to reproductions and exhibitions of art, in addition to a continuing effort in raising awareness for the importance of protecting artists' intellectual property rights. The Icelandic Visual Art Copyright Association is officially recognized by the Ministry of Education, Science and Culture as a body working to uphold the rights and interests of visual artists. On behalf of its members, The Association collects fees for the use of copyrighted works. The Association monitors and seeks to influence the development of legislation and regulations as well as business practices operating within the field of copyright issues. The Association also engages in negotiations involving copyright interests between its members and either public or private bodies.
The Icelandic Visual Art Copyright Association has two types of grants that are allocated annually, both project grants, as well as travel and education grants. The board of the Association, formed of individuals from various member organizations, decides grant allocations. The Association publishes a list every year of those who receive grants: https://myndstef.is/hofundar/styrkir/styrkthegar/
The Icelandic Visual Art Copyright Association has the role of collecting fees for the right of usage of copyrighted material on behalf of its members. In 2019, the Association had 2,342 members, for whom it provides legal assistance and protection. The Association has also provided written reviews for bills and legislation undergoing the Parliamentary process.
In 2019, the Association distributed 78,719.98 USD in allocations (10.75 million ISK).