
A tale of two philanthropies: why private foundations differ in London and Paris
Two new private philanthropic art spaces have opened in London this month: YDP (Yan Du Projects) in a Georgian townhouse on Bedford Square, founded by Chinese patron Yan Du, and Ibraaz in Fitzrovia, funded by Tunisian-Swiss investment banker Kamel Lazaar and run by his daughter, curator Lina Lazaar. YDP focuses on Asian and Asian diasporic art, while Ibraaz showcases art of the "global majority," featuring works like Ibrahim Mahama's installation and a library by the Otolith Group. Both philanthropists, in their early 40s, aim to foster community and support underrepresented voices. Meanwhile, in Paris, the Fondation Cartier has relocated to a vast Haussmann building opposite the Louvre, joining other luxury-brand-funded museums like the Fondation Louis Vuitton and the Pinault Collection, highlighting a contrasting model of grand-scale cultural philanthropy.



