George Lucas knows exactly what he's going to do with the payout from Disney's $4 billion acquisition of Lucasfilm, and it's not going to get funneled back into Hollywood.
Instead, the filmmaker said in a statement, the majority will go toward helping - and educating - others.
“For 41 years, the majority of my time and money has been put into the company," he said. "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."
And, more specifically, to improving education, an effort he committed himself to back in 2010 by participating in The Giving Pledge. He explained in a letter dated July, 2010 that his belief in growing and developing young minds was the reason why he created the organizations Edutopia and the George Lucas Educational Foundation, the latter of which focuses on innovations in the field.
Now that he has a windfall from Lucasfilm - according to CNN Money, Disney is paying for the company with $2 billion in cash and around 40 million shares of its stock - Lucas plans to put the proceeds into his philanthropic passion.
“I am dedicating the majority of my wealth to improving education. It is the key to the survival of the human race," Lucas said in a statement. "We have to plan for our collective future—and the first step begins with social, emotional, and intellectual tools we provide to our children. As humans, our greatest tool for survival is our ability to think and to adapt—as educators, storytellers, and communicators our responsibility is to continue to do so.”
Nice going. The War that came out of left field. Iran.
Bravo! George. You have figured out why God gave you such talent.
this whole thing is stil weird to me...
he should donate the money to the families of Vic Morrow and the two children who were killed making his, 'Twilight Zone,' film.
That was Spielberg NOT Lucas.
actually, it was John Landis, not Lucas or Spielberg, who directed the Vic Morrow segment. my apologies.
who cares at this point.
Hats off you, sir! Great news. :)
We need Gay people to self regulate themselves.
We miss ron palillo!
Steak and Eggs will make U fit!
Lucas can do anything.
Thomas Feinberg was a great land guy!
You don't find many of the Wall Street crowd doing charitable work like Lucas. Lucas is a rare bird.
we seen starwars 5,000 times how man times does one have to see these d-m movies
And whats the richest man in the world doing?, yeah, the owner of Facebook 20billion plus in cash
Reblogged this on Bag Lady Boutique.
It's actually a pretty good blog. No need to be so nasty.
Don't quite understand your comment, what are your referring too?
Apparently, the modbots deleted a really ugly post directed at you that I was replying to. No harm intended.
A great role model . . and much more exciting to hear about than the tons of greedy, self-interested, selfish wealthy pigs out there! A breath of fresh air!
At least you sold the Jedi's souls for a worthy cause. You know Disney will destroy the greatest movie franchise of all time
If he didn't have that beard, ... he'd have no chin!
That's so awesome! It's always great to propel education to new heights. I assumed when he sold his company that he was going to use the money to build a Death Star. I guess everyone has to be wrong sometimes!! -puremonopoly
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