SIZABLE GIFTS MADE TO MOCA.Byline: Reed Johnson Daily News Staff Writer The Museum of Contemporary Art has received four major gifts totaling $3.25 million in support of the Campaign for MOCA MOCA Museum of Contemporary Art MOCA Multimedia over Coax MoCA Museum of Chinese in the Americas MOCA Minnesota Ovarian Cancer Alliance MOCA Montezuma Castle National Monument (US National Park Service) , the museum's ongoing $25 million fund-raising drive to build its endowment to $50 million and to raise its standing as a regional and global cultural resource. A $1 million gift comes from Ron Burkle, managing partner and majority owner of the Yucaipa Cos., a private investment firm that is the controlling shareholder of Fred Meyer Inc., Dominick's Finer Food and Ralphs Grocery Co. The gift will establish the Ron Burkle Endowment for Architecture and Design Programs at MOCA. Last year, Burkle personally contributed $7.5 million toward completion of the planned Walt Disney Concert Hall This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. , which would be across the street from MOCA on Grand Avenue in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . Another $1 million gift from an anonymous donor will create a programming endowment to be used at the museum director's discretion. It will provide a resource for new or more experimental programs that have not yet attracted government, foundation or corporate support. The Kresge Foundation has awarded a $750,000 challenge grant that will be used for a variety of capital improvements at both museum buildings: MOCA at California Plaza (250 S. Grand Ave.) and the Geffen Contemporary at MOCA (152 N. Central Ave.). Audrey Irmas, chair of the MOCA board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. and co-chair of the Campaign for MOCA, has made a $500,000 gift to the campaign in memory of her late husband. The gift will establish the Sydney Irmas Exhibition Endowment, from which funds will be used to support one major exhibition each year in Sydney Irmas' name in perpetuity Of endless duration; not subject to termination. The phrase in perpetuity is often used in the grant of an Easement to a utility company. in perpetuity adj. forever, as in one's right to keep the profits from the land in perpetuity. beginning in fall 1998. The couple previously had given a lead gift of $3 million to inaugurate in·au·gu·rate tr.v. in·au·gu·rat·ed, in·au·gu·rat·ing, in·au·gu·rates 1. To induct into office by a formal ceremony. 2. the campaign in October 1995. With these gifts, approximately $22 million of the $25 million goal has been committed. |
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