Shakeup at MOCA: Director Steps Down, Board Accepts Broad Bailout
Big developments at the Museum of Contemporary Art, Los Angeles (MOCA). The embattled museum announced today that “recognizing that MOCA will benefit from new leadership at this pivotal moment in the organization’s history,” director Jeremy Strick has resigned after nine years at the helm. In a statement issued by the museum, MOCA board of trustees co-chairman Tom Unterman lauded Strick for having “overseen an exhibition program of unmatched quality, nurtured innovative programs and projects, expanded the museum’s architecture and design programs through the introduction of MOCA’s Pacific Design Center gallery, and developed groundbreaking partnerships with with numerous Southern California cultural and educational organizations.” Strick will work with Charles Young, MOCA’s newly appointed CEO, for the next several weeks to smooth the transition. Young is the Chancellor Emeritus of UCLA.
The museum has also agreed to a bailout from the Eli and Edythe Broad Foundation: a $15 million matching grant and an additional $15 million ($3 million per year for five years) in exhibition funding. Terms of the agreement received by UnBeige include stipulations that MOCA maintain its existing facilities, keep its collection intact, and launch a fundraising campaign with a $75 million goal (30% from MOCA’s board of trustees and $15 million from the Broad Foundation). The agreement also calls for MOCA to operate with an annual budget of no less than $13 million. Helping the recovery efforts will be a newly appointed advisory committee of former museum directors and financial advisors.
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