On January 8, 2008 Eli Broad revealed plans to retain permanent control of his roughly 2,000 works of modern and contemporary art in the independent Broad Art Foundation, which loans works to museums, rather than giving the art away. Broad, as recently as a year prior, had said that he planned to give most of his holdings to one or several museums, one of which was assumed to be LACMA. However, LACMA remains the "preferred" museum to receive works from the Foundation.[94]