A representative from Lucasfilm told THR, “George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors.”
“For 41 years, the majority of my time and money has been put into the company,” Lucas 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.”
The sale of Lucasfilm to Disney should be finalized by the end of the year and the final dollar mark on the sale was $4.05 billion. Neither Lucas nor his representatives have said if the George Lucas Educational Foundation will be the recipient of the donation or whether he will spread it across several foundations. In the past, Lucas has donated to the Film Foundation, Stand Up To Cancer, the Make-A-Wish Foundation, and his alma mater, USC.
“I am dedicating the majority of my wealth to improving education,” Lucas said in a 2010 letter to The Giving Pledge. “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.”
(Photo Credit: WENN.com)
