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A turnaround in MOCA's funds

September 25, 2009|Diane Haithman

The Museum of Contemporary Art, revealed to be in dire financial straits late last year, said Thursday that the downtown L.A. museum had raised nearly $60 million since December, hailing the figure as an indication of a turnaround at the institution.

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.

MOCA also has announced the election of four trustees, two newly appointed and two returning. The new members are Lilly Tartikoff, president of H. Beale Co., which produces film and television, and Nancy Marks, an arts and education supporter.

Returning trustees are former music industry executive Gilbert B. Friesen and art collector and restaurateur Peter Morton.

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Diane Haithman

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