Though it has been offered a partnership with both LACMA and the National Gallery in Washington D.C., MOCA is staying independent.
In lieu of its reported financial difficulties, the Museum of Contemporary Art’s decision to refuse a union is a bold one.
MOCA’s board released the following statement explaining their decision:
“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.”