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George Lucas to Donate Majority of Disney Billions to Education

By - Source: THR | B 36 comments

George Lucas will not be keeping all of the $4.05 billion he will receive from Disney for Lucasfilm for himself.

A company spokesperson told The Hollywood Reporter (THR) that Lucas will be using the "majority of the sale price" for educational philanthropy.

"George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors," the spokesperson said. However, it is not clear why organization will get how much money. THR said that Lucas is currently the chairman of Edutopia, which is part of the George Lucas Educational Foundation, which gave a $175 million donation to USC in 2006

In a statement released on Wednesday, Lucas said, "For 41 years, the majority of my time and money has been put into the company. As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy."

Sure, Lucas is not exactly poor. According to Wealth-X, Lucas has access to about $1.4 billion in cash. Since Lucas owns 100 percent of Lucasfilm, the $2 billion in cash from Disney and about $2 billion in Disney stock gave him a substantial boost on the list of the world's wealthiest people. There is a growing, but far from common trend among the super rich to donate most of their wealth.

In that view, today's world could certainly use more people like Bill Gates, Warren Buffett, or George Lucas.


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Top Comments
  • 21 Hide
    lordoflight , November 2, 2012 9:03 AM
    Good job Mr. Lucas. May the force be with you.
  • 17 Hide
    susavelino , November 2, 2012 9:23 AM
    Nice... please pass the word to Tim Cook....
  • 11 Hide
    mayne92 , November 2, 2012 9:36 AM
    "A company spokesperson told The Hollywood Reporter (THR) that Lucas will be suing the "majority of the sale price" for educational philanthropy."
    I read "suing", stopped, reread title, read a little bit further in the article and realized just another typo. Threw me off for second - not enough caffeine yet I suppose.
Other Comments
  • -9 Hide
    kcorp2003 , November 2, 2012 9:00 AM
    Disney is an evil company. they bought out marvel too. something is cooking and i'm afraid.
  • 21 Hide
    lordoflight , November 2, 2012 9:03 AM
    Good job Mr. Lucas. May the force be with you.
  • -9 Hide
    timw03878 , November 2, 2012 9:06 AM
    Throwing money down a rat hole.

    Been spending billions and billions of dollars on education and we are still in the toilet as far as anything government spends money on.
  • -9 Hide
    Anonymous , November 2, 2012 9:21 AM
    Why is it so hard to get rid of STUFF?

    Dispersing his wealth is a good route to take.
    The Collective can use it to do good.
    It is easy to buy stuff as you sit in front of a computer and
    it is delivered to your door.
    It is much harder to get rid of as it
    piles up in your basement.
    Buying stuff we will never use or need
    Is a waste of resources, time and money.
    Storage lockers and Houses full of rubbish,
    Old cloths and junky plastic trinkets litter the earth.
    GREED and or possessions can never fulfill your needs.
    That is why you keep buying more.
    Only Spirituality can do that.
    Come out of your little selfish shell and connect with real power and fulfillment.
    Connect to the source.
    There's more to life than buying crap.
    If you identify with your possessions?
    Your possessions own u and
    U
    R
    Possessed.




  • 17 Hide
    susavelino , November 2, 2012 9:23 AM
    Nice... please pass the word to Tim Cook....
  • 11 Hide
    mayne92 , November 2, 2012 9:36 AM
    "A company spokesperson told The Hollywood Reporter (THR) that Lucas will be suing the "majority of the sale price" for educational philanthropy."
    I read "suing", stopped, reread title, read a little bit further in the article and realized just another typo. Threw me off for second - not enough caffeine yet I suppose.
  • 9 Hide
    boju , November 2, 2012 9:42 AM
    George: I will give you partial rights to Starwares Mr Disney.

    Mr Disney: Sweet >:D 

    George: but if you screw it up i will deathstar your house!

    Mr lucas will have some say as along as he lives.
  • 9 Hide
    TheCapulet , November 2, 2012 10:01 AM
    Seriously, who's job is it to proof read this barely edited crap? We need a name, so we can call them out personally.
  • 1 Hide
    alchemy69 , November 2, 2012 10:15 AM
    This way there will be a whole new generation capable of writing a decent script, something that he himself was never able to do.
  • 4 Hide
    Zingam_Duo , November 2, 2012 10:29 AM
    Oh, yeah, Jedi Knights Academy to teach little blue children the way of the Force!
  • 2 Hide
    knott00 , November 2, 2012 10:46 AM
    klitschkoseriously, all those WASP billionaires should stop giving away their money and let the egoistic jew run the worldamerican educationial system doesn't even need money anyway

    I'm sorry, but this is just a horrible miss representation of the american educational system. It's horribly under funded. The student/teacher ratios are horribly messed up to the point where kids don't get much(if any) one on one time with teachers. In cities, classrooms are packed to capacity and supplies are limited.

    The few schools that have enough money to give all their students laptops are not indicitive of the state of the entire system.

    While I don't agree with the way our educational system works, it definitely needs more funding.
  • 0 Hide
    knott00 , November 2, 2012 10:48 AM
    Quote:
    The few schools that have enough money to give all their students laptops are not indicitive of the state of the entire system.


    *indicative* See, I can't even spell properly. I need to go back to school myself... lol
  • 5 Hide
    paradigital , November 2, 2012 10:51 AM
    "However, it is not clear why organization will get how much money"

    Yet another epic proof-read by Tom's Fail Guide
  • 0 Hide
    deksman , November 2, 2012 10:56 AM
    Underfunded?
    Lol... the entire educational system needs an overhaul.
    Throwing more money into the existing system won't solve anything.
    If I was in his positions, I'd urge for an overhaul of the educational system that eliminated competition, grades and industrial type education - replacing it with FULL cooperation, interactive classes (gamification style - Khan Academy comes to mind), exposure to relevant general education (all subject relating to man), prompting critical thinking in students of ALL ages, encouraging everyone to be problem solvers, etc.

    Second graders can easily be taught complex mathematics and sciences.
    The reason we don't do this today is due to the moronic notion of 'the child is too young to understand'.
    They are human. Ergo, in order to understand something/anything, they require exposure to relevant education (it won't pop into their skulls from nowhere after all).
  • 3 Hide
    freggo , November 2, 2012 11:17 AM
    " Lucas will be suing..." ==> using

    Yeah, an understandable typo with all the lawsuits flying around :-)

  • -4 Hide
    Anonymous , November 2, 2012 11:48 AM
    donation=TAX reduction
  • 3 Hide
    devBunny , November 2, 2012 12:16 PM
    TheCapuletSeriously, who's job is it to proof read this barely edited crap? We need a name, so we can call them out personally.


    Whose job, indeed. ;-)

    If your going to pick up on typo's, at least get you're own granma rite.
  • 1 Hide
    lamorpa , November 2, 2012 12:36 PM
    Fred1984donation=TAX reduction

    Dumb. Not for the receiver.
  • 3 Hide
    jaquith , November 2, 2012 12:40 PM
    Hmm...Typo I assume??!!
    Quote:
    A company spokesperson told The Hollywood Reporter (THR) that Lucas will be suing the "majority of the sale price" for educational philanthropy.


    Must be nice to have Billions to donate, good for Lucas! ;) 
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