This document summarizes a meeting of the Boston Library Consortium Board on December 4, 2020. It discusses opportunities for the consortium's member institutions, which include both research universities and career-focused universities, to collaborate on initiatives like library instruction, acquisitions coordination, and shared print collections. The document also examines tradeoffs between institutional autonomy and consolidation at the consortial level for activities such as a shared ILS or digital infrastructure. Finally, it outlines a vision for optimally distributed collections across the consortium through greater system awareness, collection commitments, and coordinated management.