Nov 2008: MOCA Faces Serious Financial Problems

“Los Angeles’ prestigious but chronically underfunded Museum of Contemporary Art has fallen into crisis. Museum Director Jeremy Strick said MOCA is seeking large cash infusions from donors, and this week he did not rule out the possibility of merging with another institution or sharing its collection of almost 6,000 artworks. […] Eli Broad, L.A.’s preeminent arts patron, said Tuesday that he had had “very preliminary discussions” with MOCA leaders about helping via his Broad Art Foundation. “MOCA is very important to the city,” he said. “I hope they figure out a way to remain independent and continue their important exhibition program, which has brought a lot of respect to Los Angeles.” Last month Broad, who was also a key figure in launching MOCA as its initial chairman from 1979 to 1984, approached the city of Beverly Hills about his desire to build a new museum and foundation offices there.” Source: MIke Boehm, “MOCA Faces Serious Financial Troubles,” Los Angeles Times, November 19, 2008.