Bar and Hedy Hodgson established Canadian International Motorcycle Heritage Museum Foundation in 1999 and when Dave Lloyd came to them with the idea of a Motorcycle Hall of Fame, they gifted the Foundation to the people. In 2006, the Canadian Motorcycle Hall of Fame was created to preserve and promote Canadian motorcycle history for the benefit of the motorcycling community and public and since then, over 130 distinguished motorcyclists and organizations have been inducted into the Hall of Fame. The Canadian Motorcycle Hall of Fame is a not-for-profit association with charitable status governed by an independent board of volunteer directors from across Canada.