[3][4][5] Inductees are nominated by members of the public and selected by a panel of judges on the basis of the changes attributed to the honoree, that affect the social, economic or cultural aspects of society; the significant national or global impact; as well as, the enduring value of their achievements.
[7][8] The NWHF is a private 501(c)(3) non-profit organization funded by philanthropy, admissions, and other income.
In 2014, the organization's board undertook a $20 million capital campaign to fund the development of the 1844 Seneca Knitting Mill, which is associated with the abolitionist movement and with the birthplace of women's rights.
[11] The move and completion of Phase 1 doubled the size of the National Women's Hall of Fame.
As of 2021[update] campaigning for Phase 2: an elevator, additional staircase, and other renovations was underway.