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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.

Paris is getting a huge new art museum this year

The Fondation Cartier, a contemporary art gallery in Paris for the past 30 years, is opening a new flagship location at 2, place du Palais-Royal, opposite the Louvre and near the Ministry of Culture. Occupying an 8,500-square-meter space in a building dating to 1852, the interior has been redesigned by architect Jean Nouvel. The new venue, set to open on October 25, 2025, will be the largest private art center in Paris, with half its space dedicated to exhibitions and the other half housing a restaurant, bookshop, auditorium, and offices. The inaugural exhibition, 'Exposition Générale,' will feature nearly 600 works from the foundation's collection of over 2,500 pieces.