After partnership offers from the Los Angeles County Museum of Art (LACMA) and the National Gallery of Art in Washington, D.C., LA’s Museum of Contemporary Art (MOCA) has decided to remain an independent institution. The museum has been struggling after a spate of financial issues and widespread criticism of its administration and overall direction.
MOCA’s board released a statement on March 19, 2013 explaining, “The board is in agreement that the best future for MOCA would be as an independent institution. The Board understands that this will require a significant increase in MOCA’s endowment to ensure its strong financial standing. We are working quickly toward that goal, while at the same time exploring all strategic options, to honor the best interest of the institution and the artistic community we serve.” There are currently no artists on MOCA’s board after a number of high-profiled artists including John Baldessari, Ed Ruscha, and Barbara Kruger resigned earlier this year.
Earlier this month, LACMA Director Michael Govan offered to raise $100 million for MOCA’s two locations in exchange for the acquisition of the institution. The National Gallery was not interested in an institutional merger but offered to collaborate with MOCA on programming and research initiatives. Eli Broad, one of MOCA’s major benefactors, was in favor of partnering with the National Gallery.
