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The Museum of Contemporary Art San Diego, with facilities in La Jolla and downtown San Diego, had contributions and grants of $4.5 million in 2008, according to Internal Revenue Service records, down sharply from $9.7 million in 2007. Investment income dropped $2.8 million compared with a gain of $2.8 million the prior year. Total revenue was $2.8 million versus $11.9 million the prior year. Net assets dropped to $62.6 million from $72 million. Salaries inched up slightly to $3.65 million from $3.6 million.

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Comments

Visduh Sept. 23, 2010 @ 9:26 a.m.

Wasn't MOCA heavily dependent upon the largess of David Copley? Now that he's having a fire sale of everything he owns, it is most unlikely that MOCA will see any more from him. And how can a museum of that sort spend over $3 million a year on salaries?

Times may be tougher than before, but MOCA sure isn't broke.

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Don Bauder Sept. 23, 2010 @ 6:43 p.m.

Response to post #1: I believe David Copley was a big donor to MOCA. That may explain part of the severe dropoff in donations, although almost all arts groups are experiencing such declines because of the recession. This is another piece of evidence that David Copley is pinching pennies, as I have suspected for some time. Don't get me wrong: he is not HURTING. If he were, he would sell his posh home and Helen's Foxhill, too. But when you sell your primary asset, the U-T, for 5% of what it had been worth five years earlier, there have to be strains. Best, Don Bauder

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