You can admire George Lucas for many things, but he might be most admired for being one of the few people in this country, at this time in history, who has absolutely no debt. What this means is that he will pocket the entire $4.05 billion from the recent Star Wars Disney transaction.
What does a man with that kind of wealth do? Well, George Lucas is donating most of that money towards educational philanthropy.
A representative for Lucasfilm had this to say.
"George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors."
George Lucas himself made this 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, after donating to The Giving Pledge, George Lucas gave the following statement, which he is now proving to be true with this current donation.
"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."
It is not known at this time where George Lucas will place the bulk of his $4.05 billion. He is the current chairman of Edutopia, which is part of the George Lucas Educational Foundation. He may decide to place his money there, or he may create a new foundation, which will be funded by the sale of Star Wars to the Walt Disney Company.
The George Lucas Educational Foundation was used in 2006 to donate $175 million to USC, his alma mater. Throughout the years, George Lucas has also donated considerable amounts of money to the Film Foundation, Stand Up To Cancer and the Make-A-Wish Foundation.