LA's Museum of Contemporary Art says it has raised $56.9 million dollars in the six months since it accepted a helping hand from Eli Broad, who in a museum news release characterizes the feat as “the biggest turnaround of any cultural institution in recent history,” according to the Los Angeles Times.

Said Charles E. Young, the museum's chief executive, who was asked by Broad to serve for an interim period while LA MoCA got back on its financial feet: “I am pleased that we have enabled a successful turnaround in such a short amount of time.”

Broad has anted up more than half the $56.9 million himself through the Eli and Edythe Broad Foundation, which pledged $30 million in December as the cornerstone of the museum's self-rescue plan. The remaining $26.9 million includes $16.4 million in special rescue giving from members of the museum's board, $1.9 million in regular board giving toward ongoing operations, $3 million in gifts from patrons who aren't board members, and $5.6 million collected from various other sources, including corporate donations, fundraising events, and the fees paid by museum members. The museum also appointed new trustees, as Artforum.com reported here.