An invitation can be extended to performers, songwriters, promoters, broadcasters, musicians, and executives in recognition of their contributions to the development of bluegrass music worldwide.
The Hall's first inductees were Bill Monroe, widely considered as the founder of the genre, and Lester Flatt and Earl Scruggs, two of bluegrass music's most pioneering and influential artists.
There are over 200 electors who, themselves, must have participated actively in bluegrass for at least 10 years, and must merit respect and recognition for their accomplishments and/or knowledge in one or more aspects of the field.
The name(s) of the newest Hall of Honor inductee(s) are made public immediately following the final stage of balloting and the formal induction takes place each year during the International Bluegrass Music Awards Show.
Companies, institutions, publications, radio stations, and other organizations – many of which significantly foster bluegrass music – are not eligible for Hall of Fame recognition.