Storming back from its brush with financial insolvency earlier this year, the Museum of Contemporary Art in Los Angeles has announced that it has raised over $50 Million in the past month, bringing its total endowment past $75 Million. The new contributions come from a number of prominent names, including new board member Bruce Karatz, Jeffrey Soros, and Eli Broad. “The level of support we have received is fantastic. There is a new energy and excitement about MOCA’s future and its leadership role in the art world,” says Eugenio Lopez, co-chair of the endowment campaign.
Read more at The Los Angeles Times