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 Bedford Square, founded by Chinese patron Yan Du, and Ibraaz in Fitzrovia, funded by Tunisian-Swiss banker Kamel Lazaar and run by his daughter Lina Lazaar. YDP focuses on Asian and Asian diasporic art, while Ibraaz centers art of the "global majority," featuring works like Ibrahim Mahama's installation and a library by the Otolith Group. Both founders, in their early 40s, represent a younger generation of patrons prioritizing social impact over legacy.
