LOS ANGELES, CA.- The Museum of Contemporary Art, Los Angeles announced that its Board of Trustees has obtained commitments that will raise the endowment to $75 million—up from $22 million in mid-March.

Commitments ranging from $1 million to $10 million have been received from the following donors, including current or former trustees: Paul and Herta Amir, Wallis Annenberg, Maria and Bill Bell, Edye and Eli Broad, Blake Byrne, Alexandra and Steven Cohen, Mandy and Cliff Einstein, Lenore Greenberg, Suzanne and David Johnson, Lilly Tartikoff Karatz and Bruce Karatz, Margaret Munzer Loeb and Daniel S. Loeb, Eugenio Lopez, Lillian Lovelace, Maurice Marciano, Julie and Edward J. Minskoff, Dallas Price-Van Breda, Carla and Fred Sands, Catharine and Jeffrey Soros, Darren Star, Eva and Marc Stern and Sutton Stracke.

“We have an extraordinary commitment from the board to ensure that MOCA remains an independent institution with a vibrant future and ongoing track record of cutting-edge programming,” said Board President Jeffrey Soros, who is co-chairing MOCA Independence, a campaign to raise the endowment to an initial $100 million. “These generous gifts are evidence of the trustees’ belief that Los Angeles needs an independent contemporary art museum.”

“The level of support we have received is fantastic,” said Eugenio Lopez, a longtime trustee who is co-chairing the campaign with Soros. “There is a new energy and excitement about MOCA’s future and its leadership role in the art world.”