It's been a long time coming, but billionare philanthropist and L.A.'s largest arts patron Eli Broad might have to give up on his rescue of the Museum of Contemporary Art. In 2008, the museum was under financial stress, and Broad stepped in with a $30 million, strings-attached gift that called for restructuring. But it now looks like a proposed merger with the Los Angeles County Art Museum might be on the table.
The Eli and Edythe Broad Foundation recently announced the winner of their 2012 Broad Prize for Public Charter Schools. The foundation, a leading Los Angeles philanthropy, is is working to ensure that every student in urban public schools has the same educational opportunities as any other child.