John McMullen, the owner of the New Jersey Devils of the National Hockey League, was among the museum's benefactors.

The museum was dedicated in October 1998, with fellow Baseball Hall of Famers Ted Williams and Larry Doby in attendance.

[8] On October 8, 2014, a burglary occurred at the museum, in which a team of "professional" thieves stole specific pieces of Berra's memorabilia.

[1][9] Following the resolution of Berra's feud with Steinbrenner, the Yankees loaned the Commissioner's Trophy from the 1998 World Series to the museum.

In promoting the values of respect and sportsmanship, the Museum, in partnership with Investors Bank and the Super Essex Conference, developed a Best Teammate Award program in 2013,[13] recognizing outstanding leadership by student-athletes.