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Glenbow Museum Financial & Operating Model
Location
Calgary, Alberta
Client
Glenbow Museum
Value
$200M
Services Provided
Financial modelling, social enterprise revenue analysis, funding strategy, operational planning, business case support
Impact
The financial model helped make free access to the museum sustainable in perpetuity, removing barriers for visitors and strengthening Glenbow’s role as a cultural asset for all.
Larkspur developed a comprehensive financial and operational model to support the full renewal and reimagining of Glenbow Museum as an accessible cultural institution open to everyone. The model evaluated and projected operating revenues and expenses across all key program and visitor experience elements — including the gift shop, event and program spaces, membership models, restaurant and catering services, and proposed pay-zone exhibit strategies. By grounding the project vision in financial sustainability, the model helped articulate how Glenbow could expand access, deepen community impact, and ensure long-term operational viability.
This work formed a critical foundation for Glenbow’s case for support, directly informing advocacy and funding strategies at the municipal, provincial, and federal levels. It supported securing historic contributions, including a transformational gift establishing free admission forever, positioning Glenbow as a cultural anchor and public gathering place for the region.
