LONDON.- The Courtauld Institute of Art announce a major philanthropic gift of £600,000 from the International Music and Art Foundation to create the IMAF Centre for the Study and Conservation of Drawings at The Courtauld Gallery. Ranging from the early Renaissance to the 20th century, The Courtauld Gallery’s collection of 7,000 drawings and watercolours is one of the very finest of its kind in the United Kingdom. It includes masterpieces by artists ranging from Dürer and Michelangelo to Cézanne and Picasso. Numerous other artists are represented in depth, including such major figures as Rembrandt, Rubens and Turner. The IMAF Centre for Drawings is funded for a period of five years and aims to transform the long-term future of the collection. The International Music and Art Foundation will support the conservation of the collection, including the remounting of approximately 1,400 works in acid-free mounts.