Kabir Jhala, A tale of two philanthropies: why private foundations differ in London and Paris, The Art Newspaper, 14 October 2025
While the new Fondation Cartier exemplifies the heft of corporate giving in Paris, the additions of YDP and Ibraaz bring London greater diversity.
Despite new tax regimes unsettling its rich, London’s private philanthropy landscape has gained two promising additions this month. In a grand Georgian townhouse on Bedford Square, YDP (Yan Du Projects) sees the eponymous Chinese patron launch an exhibition venue and artist residency for Asian and Asian diasporic art. A 15-minute walk away, behind a neo-Baroque façade in Fitzrovia, is Ibraaz: a space for art of the “global majority”, funded by the Tunisian-Swiss investment banker Kamel Lazaar and run by his daughter, the curator and former Sotheby’s specialist Lina Lazaar.