On May 22, 1962, Debs' home was purchased for $9,500 by the Eugene V. Debs Foundation, which worked to preserve it as a Debs memorial. In 1965 it was designated as an official historic site of the state of Indiana, and in 1966 it was designated as a National Historic Landmark of the United States. The preservation of the museum is monitored by the National Park Service. In 1990, the Department of Labor named Debs a member of its Labor Hall of Fame.