Case ID: 597062
Solution ID: 18784

Historical Society of Pennsylvania Case Solution

Abstract

The Historical Society of Pennsylvania (HSP) runs one of the nation's most critical research libraries together with a museum focusing on colonial history. Financial analysis suggests the society has absorbed elevated costs of operation within the last decade through slow but steady depletion of the endowment and deferment of capital possibilities. The board is faced with three options:still operate both research library as well as the museum around the dwindling resource base continue to operate the study library, but p-connect with the museum, using proceeds to fortify the study library continue to operate the study library, but start the artifact collection to another Philadelphia-wide museum being created along with three other organizations.


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