Following several weeks of turbulence for Los Angeles’s Museum of Contemporary Art, the institution announced that it has been promised donations that will raise its endowment past $60 million, the highest levels in its 34-year history.  The news comes after several weeks in which the museum was forced to consider a potential merger with LACMA to keep its doors open.  “The financial support we have already raised demonstrates the commitment of the board to ensuring that MOCA remains a world-class independent contemporary art museum, and we call on others to join in this campaign,†says MOCA Board President Jeffrey Soros.
Read more at The New York Times
