George Lucas ain’t all bad. After receiving $4.05 billion from Disney after the sale of LucasFilm and all of his subsidiary companies, it is reported that Lucas will give a majority of his earnings to a foundation that will focus primarily on educational issues. Simply put, George Lucas is a do-gooder!
“George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors,” a Lucasfilm spokesperson tells THR. Lucas is no stranger to charity and philanthropy. He is chairman of Edutopia, which is part of the George Lucas Educational Foundation. The foundation was a way for Lucas to donate $175 million to USC, his alma mater in 2006. In the past, Lucas has also generously donated to the Film Foundation, Stand Up to Cancer and the Make-A-Wish Foundation.
George Lucas said in a statement, “For 41 years, the majority of my time and money has been put into the company. 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.”
In 2010, Lucas announced his commitment to philanthropy in a letter, which read, in part:
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 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.
You can read George Lucas’ 2010 Philanthropy Pledge in its entirety here.