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George Lucas Plans to Donate Disney Money to Foundation

An undisclosed amount of the $4.05 billion from the Disney acquisition will go to Lucas's foundation Edutopia, that supports education programs.

filmmaker George Lucas said that he will be donating the majority of the money to his education foundation.

"For 41 years, the majority of my time and money has been put into the company," Lucas said in a statement. "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 George Lucas Educational Foundation, known as Edutopia, is located in San Rafael, and advocates for innovative strategies to prepare K-12 students for their future education, careers and adult lives. The amount of the money that Lucas will be donating was not released.

On Tuesday, Walt Disney Studios announced that it will be taking over the rights to the Star Wars and Indiana Jones franchises, Lucasfilm’s post production businesses, Industrial Light and Magic, Skywalker Sound and a suite of entertainment technologies. Disney said Star Wars: Episode 7 is expected to be released in 2015 and they plan to release one film every two to three years after that. The San Anselmo filmmaker will play a creative consulting role in the future Star Wars films and retain ownership of his Marin ranches.

In 2010, Lucas pledged that he would be donating the majority of his wealth to supporting his foundation.

"We have to plan for our collective future—and the first step begins with social, emotional, and intellectual tools we provide to our children," he said in a release. "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.”

Yvette Wakefield November 04, 2012 at 05:04 PM
Seems to me the education will entail training good slaves. Sorry, but that is what it looks like to me.
Daniel Corwin November 05, 2012 at 02:15 AM
The noosphere thanks you, mister Lucas. Once more. From Paris, with love Daniel :o)
Bob Hunter November 05, 2012 at 07:03 PM
There's an education non-profit in Marin City doing all it can to get Marin City kids through college, including a robust after school program and a partnership with 10,000 Degrees and the Marin Community Foundation-Bridge the Gap College Prep. I hope Mr. Lucas' foundation takes a look at what they're doing. (Full Disclosure- I am an emeritus member of the board.)
William Bertram January 08, 2013 at 11:16 AM
Of course you are, Bob!~
William Bertram January 08, 2013 at 11:25 AM
It's a BIG club and you & me are not invited. They have now implanted human genes in rice (In Kansas) and the scenario get even scarier from there. "There is no conspiracy. It's just business being business as always." Cheers!~

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