Eli Broad Leads Successful Fundraising Campaign at MOCA
The Museum of Contemporary Art announced in a June 26 press release that it has raised $56.9 million since December 2008, including $15 million from the Eli and Edythe Broad Foundation. The press release describes these results as a “dramatic turnaround” for the museum, which it certainly appears to be – coming after MOCA’s endowment declined from $38 million to $6 million in recent years.
“This is the biggest turnaround of any cultural institution in recent history, ” said Mr. Broad, a life trustee at the museum. “MOCA has attracted nearly $57 million in just six monts, clearly demonstrating this institution’s importance to the local, national, and worldwide arts community.”
This story was reported by Bloomberg and picked up by the Chronicle of Philanthropy on June 30.
