The Society is a private organization receiving its funds from member's dues, contributions and its members participating in moneymaking activities. It has been in existence since 1983 when a group of citizens organized for the purpose or researching, preserving and promoting local history.

The Society meets once a month between September and May; most of the meetings are held on the third Tuesday of the month. During warmer weather we meet at the IOOF Hall in Middle Grove, a building owned by the Society. During the winter, we meet at the Town Community Center (across from the Greenfield Post Office). Refreshments and a program follow business meetings, guests are always welcome.