George Lucas: Disney money will go toward education
November 1st, 2012
05:04 PM ET

George Lucas: Disney money will go toward education

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.”

Filed under: movies • Star Wars

soundoff (25 Responses)
  1. johnrubens

    Nice going. The War that came out of left field. Iran.

    May 14, 2014 at 4:05 pm | Report abuse |
  2. Deli Dave

    Bravo! George. You have figured out why God gave you such talent.

    November 2, 2012 at 2:45 pm | Report abuse |
  3. heather

    this whole thing is stil weird to me...

    November 2, 2012 at 2:30 pm | Report abuse |
  4. joe guy

    he should donate the money to the families of Vic Morrow and the two children who were killed making his, 'Twilight Zone,' film.

    November 2, 2012 at 1:25 pm | Report abuse |
    • Rich

      That was Spielberg NOT Lucas.

      November 2, 2012 at 1:39 pm | Report abuse |
    • joe guy

      actually, it was John Landis, not Lucas or Spielberg, who directed the Vic Morrow segment. my apologies.

      November 2, 2012 at 10:42 pm | Report abuse |
  5. Please

    who cares at this point.

    November 2, 2012 at 12:34 pm | Report abuse |
  6. Izoto

    Hats off you, sir! Great news. 🙂

    November 2, 2012 at 12:27 pm | Report abuse |
  7. Bob Waddington

    We need Gay people to self regulate themselves.

    November 2, 2012 at 9:58 am | Report abuse |
  8. Turtle Garo Ginsberg

    We miss ron palillo!

    November 2, 2012 at 9:57 am | Report abuse |
  9. Leon Max Peris

    Steak and Eggs will make U fit!

    November 2, 2012 at 9:56 am | Report abuse |
  10. Big Belly Bellly Pelullo

    Lucas can do anything.

    November 2, 2012 at 9:55 am | Report abuse |
  11. Gabriel Berk

    Thomas Feinberg was a great land guy!

    November 2, 2012 at 9:54 am | Report abuse |
  12. Pete

    You don't find many of the Wall Street crowd doing charitable work like Lucas. Lucas is a rare bird.

    November 2, 2012 at 7:53 am | Report abuse |
  13. LucasFan

    we seen starwars 5,000 times how man times does one have to see these d-m movies

    November 2, 2012 at 5:53 am | Report abuse |
  14. Tony Bolognie

    And whats the richest man in the world doing?, yeah, the owner of Facebook 20billion plus in cash

    November 1, 2012 at 11:41 pm | Report abuse |
  15. bagladyboutique

    Reblogged this on Bag Lady Boutique.

    November 1, 2012 at 10:48 pm | Report abuse |
  16. A Great Role Model of Philanthropy

    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!

    November 1, 2012 at 10:32 pm | Report abuse |
  17. Sokman

    At least you sold the Jedi's souls for a worthy cause. You know Disney will destroy the greatest movie franchise of all time

    November 1, 2012 at 9:06 pm | Report abuse |
  18. Johnny Cage

    If he didn't have that beard, ... he'd have no chin!

    November 1, 2012 at 8:51 pm | Report abuse |
  19. puremonopoly

    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

    November 1, 2012 at 5:24 pm | Report abuse |
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