[1] In 2012, CAF was reorganized as the Museum of Contemporary Art Santa Barbara (MCASB) with a refined mission emphasizing education.

In July 2022, the Museum of Contemporary Art, Santa Barbara (MCASB) announced its permanent closure due to persistent financial challenges.

[2] Despite varied fundraising efforts and initiatives to increase revenue, the museum continued to incur significant financial losses over several years, culminating in unsustainable operational deficits.

These consecutive years of substantial financial shortfalls forced the museum to make the decision to cease operations.

[3] However, by January 2023 the museum was able to reopen with an all-volunteer staff and hopes to build a new board of trustees and hire a new executive director.