Club Jade

Shamelessly indulging in melodramatic space trash since 1995

George Lucas plans to put Lucasfilm’s $4B purchase price towards education

October 31st, 2012 by Dunc · 7 Comments

A spokesperson tells The Hollywood Reporter that George Lucas plans to put most of the money he received from Disney – $4.05 billion dollars – towards “a foundation which will primarily focus on educational issues.”

This could mean a new foundation, but Lucas is already the chairman of Edutopia, a organization that fosters innovation in schools, part of The George Lucas Educational Foundation. He’s used the Foundation to make donations to various philanthropic causes in the past, including a record-breaking $175 million to USC in 2006. In 2010, Lucas was among the first to sign the Giving Pledge, vowing to give away at least half his wealth to charitable causes.

→ 7 CommentsFiled: lucasfilm · people · star wars
Tagged: · ·

7 responses so far ↓

  • 1 YubNub // Oct 31, 2012 at 11:08 pm

    You may love or hate his creative decisions. But it’s hard to dispute that George Lucas, above all, is just a good guy.

  • 2 Lin // Oct 31, 2012 at 11:57 pm

    Never doubted. Always defended.

  • 3 Paula // Nov 1, 2012 at 9:33 am

    George is good people.

  • 4 MattDoc // Nov 1, 2012 at 9:58 am

    This should (but won’t) shut up people who are calling this a sell out and always give George crap for trying to take all of our money.
    Well done, Mr. Lucas.

  • 5 George Lucas and his post-Star Wars life // Nov 3, 2012 at 2:54 pm

    [...] also talked about his charity work and said he’s going to keep making “littler personal films,” but “the ones [...]

  • 6 Lucasfilm officially acquired by Disney // Dec 21, 2012 at 10:29 pm

    [...] above the previously reported price of $4.05B. Lucas has said he plans to give most of the money to charity. “We’re thrilled to welcome Lucasfilm to the Disney family,” said CEO Bob Iger. [...]

  • 7 George Lucas is not selling his Disney stock // Feb 13, 2013 at 10:19 am

    [...] Lucas plans to donate the proceeds of the sale to charity. [...]

Leave a Comment