The Jamestowne Society was founded on May 14, 1936, for descendants of the stockholders of the Virginia Company of London. George Craghead Gregory founded the organization. The society's main aim was to serve the descendants of land owners in Jamestown or Jamestown Island before 1700.
According to the mission statement of the Jamestowne Society, in addition to finding and connecting descendants of the original settlers and investors, the society aims to restore historical documents and objects. The society also aims to assist in the creation and organization of state "companies" in states where interest is present. The Jamestown Society was incorporated in Richmond, Virginia, on Apr. 22, 1958. The society's companies are similar to the chapters of many lineage-based organizations.