Lloyd Webber fund announces new grants worth £1m
Fund using Picasso millions for philanthropic plugging of funding gaps gives cash to theatre and music projectsSome good philanthropy news that deserves to be celebrated: the latest round of grants to theatre and arts groups from the Andrew Lloyd Webber foundation.If you recall, Lloyd-Webber sold his Picasso, Portrait of Fernandez de Soto (The Absinthe Drinker) for £31.5m and pledged to use the money for arts gran…