In 2019, the Minister of Education and Culture, upon receiving a recommendation from the Museum Council, allocated a total of 126,036,800 kr. from the Museum Fund.

From the main allocation of the museum fund in March 2019, a total of 11,385,000 króna was awarded, of which 85 project grants totaling 8,425,000 króna were awarded, Additionally, 29,600,000 kr. was allocated for operating grants to 37 accredited museums.
A total of 142 project applications were received and grants awarded ranged from ISK 300,000 to ISK 2.5 million.

From the 2019 supplemental allocation of the Museum Fund, a total of 12,186,800 kr. was awarded to 47 professional development grants for accredited museums.

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