Following last week's announcement that Lucasfilm Ltd., the company founded by filmmaker George Lucas, will be sold to the Walt Disney Co. for $4.05 billion, Mr. Lucas has expressed his intention to donate the majority of the proceeds of that deal to philanthropic efforts, with a primary emphasis on education.
The details, such as what kinds of educational endeavors would be funded, have not yet been announced, but the move falls in line with previous statements and actions from the creator of the "Star Wars" movies. Mr. Lucas founded the George Lucas Educational Foundation in 1991 to document and advocate research-based educational strategies to improve K-12 education. The content produced by the George Lucas Educational Foundation is released through Edutopia, an online magazine.
It is unclear whether the proceeds of the Lucasfilm sale will go into Mr. Lucas' established philanthropic efforts or if a new foundation will be created.
Most Popular Stories
- Fed Committee Optimistic About Growth Prospects
- U.S. Immigration Courts Facing Record Backlog
- Drive-In Movie Theaters Use Creativity to Afford Digital Switch
- Obama Cites Letter Writers in Pitching Economy
- Stevie Fielder Changes Tune on Thad Cochran Vote-buying Story
- Pau Gasol Turns Down Lakers' Offer
- Pot's Legal in WA -- But You Should Probably Ask Your Boss
- How ESPN Became a $50B Sports Empire
- Farrell, Kitsch Rumored for Season 2 of 'True Detective'
- President Obama Relishes Roadshow, but Agenda Still Stuck