[3][4] The IMHOF was established in early 1970 following NASCAR founder Bill France Sr.'s decision to hire short track racing promoter Don Naman to build a museum and hall of fame in order "to preserve the history of motorsports and to enshrine forever the people who have been responsible for its growth.
[1][5] Following the failure to pass a state-wide referendum on a state bond finance distribution to build the IMHOF,[5] France donated 35 acres (14 ha) of land from former race car driver Johnny Ray's family.
[7] It has a museum containing racing vehicles,[1] banner, helmet, medals, posters and trophy displays,[2] the ISC offices, and ancillary spaces.
[15] The first induction ceremony was broadcast live on The Nashville Network, and was hosted by country music record artist and car sponsor T. G. Sheppard at the Birmingham–Jefferson Civic Center Theater, in Birmingham, Alabama, on the evening of July 25, 1990.
[24] Unlike other sports halls of fame, waivers were not granted to major racing figures to enable their induction before the five-year waiting period had elapsed.
[26] The 20 inaugural members, Buck Baker, Jack Brabham, Malcolm Campbell, Jim Clark, Mark Donohue, Juan Manuel Fangio, France Sr., Graham Hill, Tony Hulman, Junior Johnson, Parnelli Jones, Stirling Moss, Barney Oldfield, Lee Petty, Fireball Roberts, Jackie Stewart, Mickey Thompson, Bobby Unser, and Smokey Yunick, were inducted in 1990.