It is reported that George Lucas will donate the 4 Billion dollars that he got from the sale of Lucasfilm Ltd. to Disney to a foundation that is focused on education.
Walt Disney Co. on Wednesday agreed to buy filmmaker George Lucas’ Lucasfilm Ltd and its Star Wars franchise for $4.1 billion in cash-and-stock in a blockbuster deal that includes the surprise promise of a new film in the series in 2015.
“For 41 years, the majority of my time and money has been put into the company,”Lucas said in a statement on Wednesday”. “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.”
The director has yet to disclose which charity will be the beneficiary of the huge chunk of money. But Lucas currently serves as the chairman of Edutopia, a foundation that empowers innovative coursework in schools. The organization is a likeliy choice, eonline.com speculates.
Lucas has made other generous donations to show his commitment to education in the past. In a Giving Pledge letter from 2010, he wrote:
“I am dedicating the majority of my wealth to improving education. It is the key to the survival of the human race. We have to plan for our collective future –- and the first step begins with the 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.”
