The Peabody Essex Museum announced an updated expansion and facilities plan, an array of infrastructure improvements and new programmatic initiatives as elements of PEM’s landmark $650 million Advancement Campaign, one of the largest art museum campaigns in the country. “PEM’s Advancement Campaign defines a new model for museum finance, fundraising and operations. The updated plan emphasizes long-term financial stability through substantially increased endowment. By right-sizing facility and infrastructure investments, PEM gains a rare degree of freedom to advance our mission through sustained innovation and focus on new and enhanced programmatic initiatives,” said Dan Monroe, the Rose-Marie and Eijk van Otterloo Director and CEO of PEM. Sam Byrne and Sean Healey, Co-Chairs of PEM’s Board of Trustees added, “We balanced priorities for this Campaign by allocating $350M to

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