The LACF was established to encourage the visual arts in Leeds and, most importantly, to provide a source of funding that was independent of the municipality for the purchase of contemporary and historic works of art and design for the people of Leeds.
Other founding members and sponsors included Sydney Kitson (1871–1937), a well-known local architect and collector, and Frank Harris Fulford, director of the family firm C. E. Fulford Limited, which manufactured Bile Beans.
[1][2] Today, most of the LAF's work is channelled through the Leeds City Art Galleries.
The art works belonging to the LAF are too numerous to mention in full, but include works by Henry Moore, Barbara Hepworth, Walter Sickert, Pierre Auguste Renoir, Patrick Heron, Alexander Calder, Francis Bacon, Andy Warhol, Stanley Spencer, Terry Frost and Thomas Hearne.
The LAF has also contributed towards the acquisition of many artworks on display in Leeds Museums and Galleries, including by such well-known names as Thomas Chippendale, J. M. W. Turner, John Sell Cotman, John Atkinson Grimshaw, Stass Paraskos, Paula Rego, Bridget Riley, Grayson Perry and Auguste Rodin.