News

George Lucas Will Donate Most of the $4.05B From Star Wars Deal

Source:   The Hollywood Reporter
November 1, 2012


George Lucas might be one of the most divisive people in film culture. Many people love him for giving us the gift of Star Wars, while others aren't exactly championing him due to the prequels, the changes to the original trilogy, and the fourth Indiana Jones. Say what you will about his film work, but you can't deny that at his core he really wants to make a difference in the world, which is why he plans on donating the majority of the money from his Lucasfilm sale to charity.

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)


| 43 comments | Add a comment

From Around the Web

comments powered by Disqus
Latest Headlines:

Guardians of the Galaxy Reviews - What Did You Think?!
Director Colin Trevorrow Reveals New Jurassic World Photo
New Photos of Frozen's Elsa and Kristoff on Once Upon a Time
Universal Dates Snow White Prequel The Huntsman and Moves The Mummy
CS Video: Colin Firth and the Cast of Magic in the Moonlight
The Final Trailer for The Expendables 3 is Here!
Snarknado 2: The Second One Sets Syfy Record with 3.9 Million Viewers
Will Arnett is the Most Beloved Sitcom Horse of the '90s in the Trailer for BoJack Horseman
Zac Efron and Emily Ratajkowski Team for We Are Your Friends
The Trailer and Poster for Stonehearst Asylum, Starring Kate Beckinsale
James Gunn Talks About Guardians of the Galaxy 2 Plans
Dimension Films Sets Demonic for December 12
New Clip from Batman: Assault on Arkham Released
Watch the First Trailer for Disney's Into the Woods!
Chris O'Dowd Goes Dark for Calvary
New Gameplay Trailer for Middle-earth: Shadow of Mordor Explains The Wraith
The International Trailer for Birdman, Starring Michael Keaton
Lorde to Curate Soundtrack for The Hunger Games: Mockingjay - Part 1

Follow ComingSoon.net on Twitter
MOST ACTIVE
From our partners