Some things just must be cleared up by the New Year, yes? Like what’s happening at the Los Angeles Museum of Contemporary Art, which threw up its hands last month and cried out for help as its financial position (or at least its endowment) withered away to next to nothing (well, $7 million or so).
The New York Times’ Edward Wyatt reports that the MoCA board will decide today whether it will merge with the Los Angeles County Museum of Art or go it alone with “help” from Eli Broad, who has offered MoCA what amounts to a $15 million matching grant to rebuild its endowment and funding for five years of exhibitions (at $3 million per year).
Continue reading A scatter: Museums, bridges, noses, money →
We have theorized (another way of saying “joked”) that Art Scatter is nothing but loose ends, a collection of them, maybe a little like “fringe” except not all the same length or so linear. But when I say, that I have some loose ends to tie up this week for you, I actually DO have something specific in mind.
1. MoCA on the brink. Last week over at OregonLive I posted on the situation at the Los Angeles Museum of Contemporary Art, which is dire — big deficits, crashing endowment, soaring expenses, oblivious staff and board of directors. Exactly how you let these things happen is a mystery: The endowment was shrinking even before the stock market crash, which has demolished everybody’s endowment, but now it’s down to $6 million or so for a museum that spends $21 million a year. For comparison’s sake, that’s less than one-fifth of the Portland Art Museum’s endowment for one of the world’s most important contemporary art museums. Which is crazy.
Continue reading Today in Art Scatter: MoCA meets James Ensor →
a Portland-centric arts and culture blog