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Mo’ Moola for MOCA: L.A. Museum Says Endowment Drive Has Reached $75 Million

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Just a month ago, amid a partnership proposal from the National Gallery of Art and a takeover bid from LACMA, the Museum of Contemporary Art (MOCA) Los Angeles boasted of having boosted its endowment, long-stagnant in the region of $20 million, to $60 million thanks to commitments from major benefactors and donors, and Jeffrey Deitch’s museum hasn’t slowed its fundraising drive since. Yesterday the Los Angeles Times reported that the museum’s endowment has now reached $75 million, pushing it closer still to the $100 million goal of its current campaign.

As part of the announcement, MOCA also named a list of donors who have made contributions of between $1 million and $10 million as part of the endowment drive. The list published in the L.A. Times boasts several MOCA trustees and some of the country’s biggest collectors:

Wallis Annenberg, Maria and Bill Bell, Eli and Edythe Broad, Blake Byrne, Steven and Alexandra Cohen, Cliff and Mandy Einstein, Lenore Greenberg, David and Suzanne Johnson, Bruce Karatz and Lilly Tartikoff Karatz, Daniel S. Loeb and Margaret Munzer Loeb, Eugenio Lopez, Lillian Lovelace, Maurice Marciano, Edward J. and Julie Minskoff, Dallas Price-Van Breda, Fred and Carla Sands, Jeffrey and Catharine Soros, Darren Star and Sutton Stracke

Prior to the launch of last the campaign last month, MOCA’s endowment stood at $22 million. “The level of support we have received is fantastic,” Eugenio Lopez, the campaign’s co-chair and one of its contributors, told the L.A. Times. “There is a new energy and excitement about MOCA’s future and its leadership role in the art world.”

— Benjamin Sutton

(Photo via Museum of Contemporary Art/Facebook.)

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