Trustees of the Museum of Contemporary Art announced Wednesday that they have raised more than $50 million since the middle of March for the museum’s endowment. A larger endowment is widely seen as the first step to turning around the troubled institution.
Last month trustees identified $100 million as the goal for its endowment campaign, saying that donations and pledges had brought it up to $60 million. But they declined to name specific donors or provide a timeline for when they would receive the money.
Now they have identified donors who have made “commitments ranging from $1 million to $10 million” to bring their endowment to $75 million.
The list includes several trustees and their spouses: Wallis Annenberg, Maria and Bill Bell, Eli and Edythe Broad, Blake Byrne, Steven and Alexandra Cohen, Cliff and Mandy Einstein, Lenore 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.