"Billionaire philanthropist Eli Broad hasn’t made scheduled payments to the Museum of Contemporary Art in Los Angeles because the institution has $2.1 million in grants it hasn’t put toward exhibitions. The missed payments come at a time when concerns over finances at the museum have resurfaced after four prominent artists quit MOCA’s board last month. Four other trustees recently wrote a letter to the Los Angeles Times critical of how the museum has been managed under Jeffrey Deitch, the former New York gallery owner who became its director in June 2010. Older board members have criticized newer ones for not being involved, partly reflecting a two-tiered fee system for board membership."
Lees verder: Eli Broad Misses MOCA Payment in Museum’s Murky Finances - Bloomberg.
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