It was posted on the Internet that George Lucas plans to sell his company ($4 billion) to Disney. Following the finalization, Lucas intends to put the remainder of his fortune into a fund that will deal primarily with education. It is not clear which organization will get the remanding funds, he may create a new organization with the money. He previous contributions include the Make a Wish foundation, the Stand Up to Cancer foundation, and the Film Foundation. The article quotes Lucas on the recent talk of the sale: “For 41 years, the majority of my time and money has been put into the company,” Lucas said in a statement Wednesday. “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.” Also the spokesperson mentioned that, this “announcement continues a commitment that Lucas made in 2010 to The Giving Pledge, where he stated, ‘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.’” The Lucas Film Foundation has little debt, therefore Disney and the lucky education platform will receive almost the entire $4billion amount.
Is this surprising that someone so closely involved in film, will also become involved heavily in education? How do you think the recipients of the funds should distribute to benefit education?