Eli Broad's foundation withholds pledge payments

Citing unspent exhibition funds, the Broad Foundation delays contributions from its $30-million pledge to the Museum of Contemporary Art. MOCA declines to comment.

Los Angeles billionaireEli Broad'sfoundation has held back promised contributions to the Museum of Contemporary Art, which former MOCA Chief Executive Charles Young says is not allowed under Broad's 2008 pledge agreement with the museum.

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