MOCA Los Angeles endowment surpasses $100 million target in under ten months
The Museum of Contemporary Art, Los Angeles (MOCA) has achieved a significant financial milestone, with its board of trustees announcing the endowment has exceeded the initial $100 million goal. This fundraising success was accomplished in less than ten months, securing the institution's independence following previous financial challenges. The museum now aims to increase the endowment further to $150 million through continued fundraising efforts. This development represents a major stabilization for an institution that has faced operational difficulties in recent years.
Key facts
- MOCA's board of trustees announced exceeding the $100 million endowment goal
- Fundraising target was reached in under ten months
- The achievement secures the museum's independence
- MOCA had faced previous financial troubles
- Next fundraising goal is $150 million
- Fundraising efforts will continue
- The museum is located in Los Angeles
- The announcement was made in January 2014
Entities
Institutions
- Museum of Contemporary Art, Los Angeles (MOCA)
Locations
- Los Angeles
- United States