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George Lucas Plans to Donate Disney Money to Foundation

An undisclosed amount of the $4.05 billion from the Disney acquisition will go to Lucas's foundation Edutopia, that supports education programs.

filmmaker George Lucas said that he will be donating the majority of the money to his education foundation.

"For 41 years, the majority of my time and money has been put into the company," Lucas said in a statement. "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 George Lucas Educational Foundation, known as Edutopia, is located in San Rafael, and advocates for innovative strategies to prepare K-12 students for their future education, careers and adult lives. The amount of the money that Lucas will be donating was not released.

On Tuesday, Walt Disney Studios announced that it will be taking over the rights to the Star Wars and Indiana Jones franchises, Lucasfilm’s post production businesses, Industrial Light and Magic, Skywalker Sound and a suite of entertainment technologies. Disney said Star Wars: Episode 7 is expected to be released in 2015 and they plan to release one film every two to three years after that. The San Anselmo filmmaker will play a creative consulting role in the future Star Wars films and retain ownership of his Marin ranches.

In 2010, Lucas pledged that he would be donating the majority of his wealth to supporting his foundation.

"We have to plan for our collective future—and the first step begins with social, emotional, and intellectual tools we provide to our children," he said in a release. "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.”

Marla November 02, 2012 at 06:08 PM
George, we wish you all the best and are so grateful you have made your home, and mark, on our community here in in Marin.
Tina McMillan November 02, 2012 at 07:00 PM
Thank you Mr. Lucas. I still wish we could have a version of Grady Ranch here in Novato. Perhaps Disney will reconsider and open a studio at Hamilton. What a wonderful business. It would be a delight to see Novato as a major center for film production in Northern California.
Marla November 02, 2012 at 07:23 PM
Agreed, we residents of Hamilton would welcome you and your studio - whether for small independent films or bigger blockbusters! Please consider the former Image Movers Digital space - we even have a wonderful historic theater begging to be renovated!
janna nikkola November 02, 2012 at 09:24 PM
We are very fortunate indeed to have such a generous man as a part of our community. I feel awful he had to jump through so many hoops in an attempt to build a facility in Lucas Valley and I'm disappointed it didn't work out. With George Lucas' and Beryl Buck's Foundations in Marin, we could well become the most highly educated county in the country and send our young people out into the world to do good works as George Lucas and Beryl Buck have done. Now we just have to convince the San Francisco Foundation to direct some of Mrs Buck's funds into college scholarships (but they don't like doing scholarships and have not heeded Mrs Buck's wishes in distributing the funds from her foundation -- she said nothing about her money being used for medical research).
Lynn Tompkins November 03, 2012 at 04:49 PM
Fantastic! I'm so grateful that Mr. Lucas sees this need & has dedicated his time & resources to working on it! His statement is so eloquent & right on! -"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.” PS I live in Lucas Valley & hope he stays here!
valeri hood November 04, 2012 at 02:47 AM
What a good idea to sell out to disneyland- who already owns 80% of our media. Wonder what they will do with all the technology that George is giving them. Did you know that Disney now has a GMO section in Southern CAl- just in time for the election. All the things that Lucas could have done- too bad.
Tina McMillan November 04, 2012 at 03:22 AM
Valerie Can you provide a link to Disney and the GMO's? I read some blogs but couldn't find something more direct. It looks like Monsanto is everywhere.
Yvette Wakefield November 04, 2012 at 05:04 PM
Seems to me the education will entail training good slaves. Sorry, but that is what it looks like to me.
Daniel Corwin November 05, 2012 at 02:15 AM
The noosphere thanks you, mister Lucas. Once more. From Paris, with love Daniel :o)
Bob Hunter November 05, 2012 at 07:03 PM
There's an education non-profit in Marin City doing all it can to get Marin City kids through college, including a robust after school program and a partnership with 10,000 Degrees and the Marin Community Foundation-Bridge the Gap College Prep. I hope Mr. Lucas' foundation takes a look at what they're doing. (Full Disclosure- I am an emeritus member of the board.)
William Bertram January 08, 2013 at 11:16 AM
Of course you are, Bob!~
William Bertram January 08, 2013 at 11:25 AM
It's a BIG club and you & me are not invited. They have now implanted human genes in rice (In Kansas) and the scenario get even scarier from there. "There is no conspiracy. It's just business being business as always." Cheers!~

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