MOCA Raises Endowment to Over $100 Million

Munger, Tolles & Olson partner Maria Seferian has helped lead the Museum of Contemporary Art, Los Angeles (MOCA) to raise its endowment to over $100 million, securing financial stability for the art institution. In her role as  Interim Director & CEO, Ms. Seferian has worked with the Board of Trustees in the effort.

The museum announced January 7, 2014 that in less than 10 months, it met and exceeded its fundraising goal to increase the institution’s endowment to historic levels.

“What’s special about MOCA is it is the only museum in LA that’s dedicated solely to collecting and exhibiting contemporary art, and I think our board realized the deep value in having an institution like that,” Ms. Seferian told The Associated Press.

Ms. Seferian is a corporate partner with Munger Tolles and frequently represents different organizations, including arts and cultural institutions, in fundamental transactions and other corporate matters. In November 2013, she was appointed MOCA’s Interim Director & CEO.