Skip to main content

MOCA Raises $100 Million

Support Provided By
MOCA_LA.jpg

LOS ANGELES (CNS) - After less than a year, the Museum of Contemporary Art met its goal of raising its endowment to $100 million, the board of trustees announced yesterday, adding that it was starting a bid to raise another $50 million.

"With the help of the entire MOCA board and a worldwide community of supporters, MOCA has emerged from a pivotal phase to secure a sustainable financial future for the first time in its history," according to David Johnson, co-chair of the MOCA Board of Trustees. "This achievement reinforces our believe that MOCA's strength is critical to the independence and integrity of contemporary art and to the support of artists."

The announcement was a drastic change from the museum's position a year ago, when financial struggles placed the future of the institution in question, and led the board of trustees to consider a merger offer from the Los Angeles County Museum of Art.

The board eventually rejected the offer, saying it was committed to maintaining the museum's independence by more than quadrupling its endowment.

Johnson and board co-chair Maria Bell, having finished overseeing the $100 million fundraising drive, will step aside as co-chairs Jan. 14, with Maurice Marciano and Lilly Tartikoff Karatz taking over as chairs, according to the museum.

"Both Lilly and I are grateful for the dedication and tenacity that David and Maria have demonstrated by stewarding the museum and leading this historic campaign to secure a healthy and vibrant future for MOCA in Los Angeles and internationally,"

Marciano said.

According to the museum, among the people and organizations that contributed to the MOCA endowment were the Annenberg Foundation, Eli and Edythe Broad Foundation, past MOCA Director Jeffrey Deitch and "Sex and the City" producer Darren Star.

Top Image: dog97209/Flickr/Creative Commons License.

Support Provided By
Read More
An 8mm film still "The Kitchen" (1975) by Alile Sharon Larkin. The still features an image of a young Black woman being escorted by two individuals in white coats. The image is a purple monochrome.

8 Essential Project One Films From the L.A. Rebellion Film Movement

For years, Project One films have been a rite of passage for aspiring filmmakers at UCLA's School of Theater, Film and Television. Here are eight Project One pieces born out of the L.A. Rebellion film movement from notable filmmakers like Ben Caldwell, Jacqueline Frazier and Haile Gerima.
A 2-by-3 grid of Razorcake zine front covers.

Last Punks in Print: Razorcake Has Been the Platform for Punks of Color For Over Two Decades

While many quintessential L.A. punk zines like "Flipside," "HeartattaCk," and "Profane Existence" have folded or only exist in the digital space, "Razorcake" stands as one of the lone print survivors and a decades-long beacon for people — and punks — of color.
Estevan Escobedo is wearing a navy blue long sleeve button up shirt, a silk blue tie around his neck, a large wide-brim hat on his head, and brown cowboy pants as he twirls a lasso around his body. Various musicians playing string instruments and trumpets stand behind him, performing.

The Art of the Rope: How This Charro Completo is Preserving Trick Roping in the United States

Esteban Escobedo is one of only a handful of professional floreadores — Mexican trick ropers — in the United States, and one of a few instructors of the technical expression performing floreo de reata (also known as floreo de soga "making flowers with a rope"), an art form in itself and one of Mexico's longest standing traditions.