Los Angeles

MOCA Raises $100 Million

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.

About the Author

City News Service is an independent wire service that serves Los Angeles area news outlets. Posts identifying them in a byline means KCET-TV has used their story, either in full or close to full.
RSS icon
Previous Post
Next Post

LEAVE A COMMENT Leave Comment  

section header: disciplines
icon, Architecture/ Design discipline

Architecture/ Design

California becomes an international export by redefining the concept of city and home.

icon, Community Arts discipline

Community Arts

Through workshops, education and placed based projects, art is the connective tissue of a community.

icon, Cultural Politics discipline

Cultural Politics

Funding bubbles, cultural deserts and the politics of access to the arts in the 21st century.

icon, Film & Media Arts discipline

Film & Media Arts

At the shadow of the entertainment industry, video artists and underground filmmakers take a stand.

icon, Literature discipline

Literature

Noir, sunshine and dystopia create a multi-ethnic narrative that is read, watched and admired around the globe.

icon, Multi-Disciplinary discipline

Multi-Disciplinary

Multi-hyphenate works that combine disciplines, remix dogmas, and reinvent the wheel.

icon, Music discipline

Music

A dialogue between cultures, the music of our state serves up the California dream like no other artform.

icon, Performance discipline

Performance

Staging the drama of California through dance, music and theater.

icon, Visual Arts discipline

Visual Arts

Breaking away from the European and New York vanguard, California reinvents the art world.


Columnists
Featured • More Columnists
Loading Columnists...