Its stated goal is to ""To honor our cowboy way of life, American Indian cultures, and our collective Montana western heritage.
[2] At present, the organization lacks a permanent physical museum, but was granted statutory recognition by the Montana State Legislature in 2003 and 2011.
[3] Fundraising efforts include a specialty car license plate,[4] The hall of fame was granted US$0.5 million in state funds for site development and project planning during a 2007 special session of the legislature.
Trustees from the twelve districts voted on the nominees to arrive at 51 foundational members of the hall of fame.
This initial round includes nominees who made their impact on Montana's western heritage between 1860 and 1920.