George Lucas Plans to Spend $4 billion Supporting Education

What would you do with $4.05 billion? Spend it on education of course! This week George Lucas sold his Star Wars Empire ‘Lucasfilm’ to the Walt Disney Company and plans to use the money to support a foundation that will primary focus on educational issues.

“George Lucas has expressed his intention, in the event the deal closes, to donate the majority of the proceeds to his philanthropic endeavors.” Say a spokesperson from Lucasfilm.

According to The Hollywood Reporter, the foundation receiving the funding is still unknown, but Lucas is currently chairman of Edutopia, produced by The George Lucas Educational Foundation.

About Edutopia

Edutopia is produced by The George Lucas Educational Foundation, an operating foundation dedicated to improving the K-12 learning process by documenting, disseminating, and advocating for innovative, replicable strategies that prepare students to thrive in their future education, careers, and adult lives. As one of the world’s leading sources for change-makers in education, The George Lucas Educational Foundation spreads the word about ideal, interactive learning environments and enables others to adapt these successes locally. Edutopia.org contains a deep archive of continually updated best practices, from classroom tips to recommendations for district-wide change.

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