Complex sentence: It is currently housed in the Philadelphia Museum of Art as part of the permanent collection, and was accessioned in 1950 as one of the thousand items donated to the institution by Walter and Louise Arensberg.
Split into simpler sentences: It is currently housed in the Philadelphia Museum of Art as part of the permanent collection. It was accessioned in 1950 as one of the thousand items donated to the institution by Walter and Louise Arensberg.