» MOCA announces fundraising milestone, new (and returning) trustees
The Museum of Contemporary Art, revealed to be in dire financial straits late last year, said today that it has raised nearly $60 million since December, hailing the figure as indication of a turnaround at the institution.
The downtown museum has also coaxed two disgruntled trustees who quit during the fallout to rejoin the board.
The fundraising total includes December’s $30 million pledge from the Broad Foundation; $16.4 million in trustee gifts; $3 million from individual patrons, $6.7 million from the museum’s annual fund and $3.8 in trustee dues — a total of $59.9 million.
This is really good news. This article is also very funny to me on multiple levels. I can’t tell you what they are, but just know I giggled throughout the ENTIRE thing.
