At that point, in 1999-2000, under new leadership and with a new purpose, the Board decided to restructure and convert from the Greenville Trust to The Greater Greenville Foundation and this was led by the legal counsel of Walt Kitchin and the firm of Colombo, Kitchin & Ball. Tommy Stroud began his term as President and the Board spent about 12 months going through the transition process and the GGCF was formed as a public charity 501 C 3 organization and at that time began to seek part time help for a Director Position. John Minges joined the organization and together with Tommy Stroud helped organize the 20 years worth of files, archives, and legal documents. About one full year was spent getting the bylaws, articles of incorporation and other legal filings in place. John Minges served for one year, and in October of 2001 it was voted on by the Board that they would seek a full time Executive Director.
After the interview process was completed, Melissa Spain was hired by Tommy Stroud and the Board of Directors to serve as the first, full time Executive Director. At the very beginning of the formation of the Greater Greenville Foundation, the organization held two funds, Hooker & Barnhill Funds which were both valued at approximately 2 million dollars. The only cash in hand the Foundation had at the time of hiring the Director was a $50,000 CD.