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Jamestown-Yorktown Foundation to Implement Cost-Saving Measures in Response to COVID-19 Impacts

WILLIAMSBURG, Va., April 10, 2020 – In order to address financial impacts of COVID-19, the Jamestown-Yorktown Foundation Board of Trustees Executive Committee voted today, April 10, to implement cost-saving measures to mitigate expected losses in earned revenues in the current FY2020 budget, as well as to address unknowns in the FY2021 budget.

Among the measures to fill a $1.2 million funding gap in current FY20 fiscal year ending June 30, the Executive Committee approved several measures, including the temporary furlough of 221 part-time staff beginning April 26 and a temporary workforce reduction for 152 full-time staff beginning June 1.

“After exploring a number of cost-saving measures, we acknowledge that our greatest expense is also our greatest asset – our staff,” said Christy S. Coleman, executive director of the Jamestown-Yorktown Foundation. “To mitigate these losses, the agency is implementing one-time savings options, which will enable it to meet its current budget and break even.”

The Jamestown-Yorktown Foundation, the state agency that administers Jamestown Settlement and the American Revolution Museum at Yorktown, remain closed since March 14 until further notice to support public health mandates to minimize the spread of COVID-19. In its $19.5 million operating budget, July 1 through June 30, more than half is appropriated by the General Assembly while the other half is generated through admissions revenue.

The state agency has identified another $800,000 in spending reductions across departments and freezing new hiring and staff compensation to balance the current year’s budget.

The temporary workforce reduction, effective June 1, will affect 152 full-time staff, who will need to take 4 to 30 days of unpaid leave through June 30, 2021.

The Executive Committee also approved staff to explore a number of options in FY2021 to eliminate deficits forecast at $1.1 million up to $3.8 million. Among these include agency restructuring and an across-the-board workforce reduction plan that impacts wage and classified staff. The workforce reduction plan will be a mix of furloughs and unpaid time off.

“This approach enables the Foundation to recall personnel quickly and modify if visitation levels surpass forecasts and financial recovery occurs,” Coleman said.

 The Jamestown-Yorktown Foundation is an educational agency of the Commonwealth of Virginia, accredited by the American Alliance of Museums. Its mission is to foster through its living-history museums – Jamestown Settlement and American Revolution Museum at Yorktown – an awareness and understanding of the early history, settlement and development of the United States through the convergence of American Indian, European and African cultures and the enduring legacies bequeathed to the nation.