The Los Angeles Museum of Contemporary Art, perennially beset with reports on its failing finances, is enjoying some good news. Trustees announced today that they have raised more than $50 million for the museum’s endowment in the past month, bringing it to $75 million. Prior to the campaign, the endowment hovered at a mere $22 million.
The museum also released a list of donors who have committed $1 million to $10 million, which includes Wallis Annenberg, Maria and Bill Bell, Eli and Edythe Broad, Blake Byrne, Steven and Alexandra Cohen, Cliff and Mandy Einstein, Lenore and Bernard 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, Paul and Herta Amir and Marc and Eva Stern.
The Los Angeles Times has the story.