Downtown Los Angeles’ Museum of Contemporary Art said Wednesday that its board has elected new trustees, including two well-known Los Angeles businessmen, Stanley P. Gold and Bruce Karatz.

Gold is president and chief executive of Shamrock Holdings Inc., the Disney family investment firm he ran for many years with the late Roy E. Disney. He is of counsel at Gang Tyre Ramer & Brown Inc., a prominent L.A. entertainment law firm where he was a partner from 1968 to 1985, and serves on several educational and non-profit boards.

Karatz, retired chairman and chief executive of KB Home, is a contemporary art collector who has been involved in fundraising for a variety of civic and non-profit groups.

Also elected to the board was philanthropist and art collector Orna Amir Wolens. The trio’s addition to the MOCA board comes less than a month after the financially struggling institution turned down a merger offer from the Los Angeles County Museum of Art, and said it planned a major fundraising campaign to keep the museum independent. The museum’s trustees and life trustees include six officers and 46 board members.

“For years, I have watched MOCA grow into a contemporary art powerhouse, and I am excited to be part of MOCA’s future,” Gold said in a statement. “I look forward to joining MOCA’s board and joining a group of trustees who are committed to an independent contemporary art museum.”