NittanyJen Posted November 3, 2012 Share Posted November 3, 2012 This makes the sellout to Disney a little more palatable. It's funny, my son was just asking why people who make millions or billions of dollars don't spend more on charity . . . I think I'll have to show him this article. He'll be pleased :). Sorry about the Huffington Post Link-- probably there will be some more credible sources covering this shortly. http://www.huffingtonpost.com/2012/11/02/george-lucas-donate-4-billion_n_2067145.html Quote Link to comment Share on other sites More sharing options...
TXMomof4 Posted November 4, 2012 Share Posted November 4, 2012 That's pretty cool! Good for him! Quote Link to comment Share on other sites More sharing options...
SJ. Posted November 4, 2012 Share Posted November 4, 2012 I think that is awesome and extremely generous. My cynical dh says "I hope it isn't wasted," I don't know maybe he has a point? I am curious which charity he donated to specifically, was it in the article? Quote Link to comment Share on other sites More sharing options...
NittanyJen Posted November 4, 2012 Author Share Posted November 4, 2012 The charity is yet to be announced. There is a hint that he is associated with a kind of educational innovation incubator with a decent reputation. Quote Link to comment Share on other sites More sharing options...
NittanyJen Posted November 4, 2012 Author Share Posted November 4, 2012 I think that is awesome and extremely generous. My cynical dh says "I hope it isn't wasted," I don't know maybe he has a point? I am curious which charity he donated to specifically, was it in the article? Quoting from another article (in Cinemablend; I don't know the quality of that source, but they quote from an article covering his signing of the Bill and Melinda Gates Charitiable Giving Pledge in 2010): "In the statement he made then, which you can read in full here, he talked about the importance of storytellers in education, and said "It’s scary to think of our education system as little better than an assembly line with producing diplomas as its only goal." So it's not just that Lucas will be donating money to schools-- he's trying to change the ways schools are structured and what students learn, an immense goal that really only someone with so much cash can accomplish." Time will tell whether his efforts make an impact or not. I am seeing different sources cite different charities, all sounding very authoritative about it; so I'm waiting a day or two for the dust to settle to see where the money is actually going. Quote Link to comment Share on other sites More sharing options...
Arcadia Posted November 4, 2012 Share Posted November 4, 2012 "It’s not yet clear which foundation will get the proceeds. Lucas is currently the chairman of Edutopia, which is part of the George Lucas Educational Foundation. He could put money into that or create a new foundation that would be funded from the sale" (http://blog.sfgate.com/bottomline/2012/11/01/george-lucasgiving-away-most-of-his-4-billion-haul/ ) OP, Your son might be interested in this page of the pledges made by the wealthy people http://givingpledge.org/#enter Quote Link to comment Share on other sites More sharing options...
stripe Posted November 4, 2012 Share Posted November 4, 2012 I hear his foundation, Edutopia, listed as a sponsor on NPR shows fairly often. http://www.edutopia.org/ I never was exactly sure what it does, though. Quote Link to comment Share on other sites More sharing options...
Jennifer3141 Posted November 4, 2012 Share Posted November 4, 2012 I think this is just an incredible thing for Lucas to do. It makes me happy for every darn SW DVD, Lego, or Millenium Falcon I've purchased through the ages. And I can now *almost* forgive him for Jar Jar Binks. :D Quote Link to comment Share on other sites More sharing options...
Chris in VA Posted November 4, 2012 Share Posted November 4, 2012 Pretty neat. Wouldn't it be cool if he collaborated with the Khan Academy guy? ETA--Oh, I misread it as 4 MILLION-- 4 BILLION? Holy Cow. Quote Link to comment Share on other sites More sharing options...
asta Posted November 4, 2012 Share Posted November 4, 2012 I'd feel better if he hadn't sold his movie franchise right now to get ahead of the new tax laws coming into effect in 2013. I suspect he has timed this donation for the same reason (e.g. to not lose his shirt due to his tax bracket). A Quote Link to comment Share on other sites More sharing options...
Caroline Posted November 4, 2012 Share Posted November 4, 2012 I believe George Lucas has been donating money to education for a long time. Quote Link to comment Share on other sites More sharing options...
Researcher Posted November 4, 2012 Share Posted November 4, 2012 I think it's great that he wants to donate the money to education. However, I do worry how the money will be used..... Quote Link to comment Share on other sites More sharing options...
kalanamak Posted November 4, 2012 Share Posted November 4, 2012 I'd feel better if he hadn't sold his movie franchise right now to get ahead of the new tax laws coming into effect in 2013. I time what I do depending on taxes. Why shouldn't he? Quote Link to comment Share on other sites More sharing options...
Julie Smith Posted November 4, 2012 Share Posted November 4, 2012 I think it would be cool if he used the money to fund education in 3rd world countries. Quote Link to comment Share on other sites More sharing options...
kalanamak Posted November 4, 2012 Share Posted November 4, 2012 I think it would be cool if he used the money to fund education in 3rd world countries. I liked the study that showed more children were sent to school if lunch was provided, especially girls. Education AND a square meal to grow the brain. Quote Link to comment Share on other sites More sharing options...
Arcadia Posted November 4, 2012 Share Posted November 4, 2012 I'd feel better if he hadn't sold his movie franchise right now to get ahead of the new tax laws coming into effect in 2013. I would rather his money go to an education foundation than to Sacramento (California). Marin county where his studio is has schools that need aid too. Not all of Marin are rich. Quote Link to comment Share on other sites More sharing options...
Jennifer3141 Posted November 4, 2012 Share Posted November 4, 2012 I time what I do depending on taxes. Why shouldn't he? So do we. I don't get why doing something awesome shouldn't offer Lucas some benefit too. I'd rather have the money go into education than yet another war. Quote Link to comment Share on other sites More sharing options...
JFSinIL Posted November 4, 2012 Share Posted November 4, 2012 I'd feel better if he hadn't sold his movie franchise right now to get ahead of the new tax laws coming into effect in 2013. I suspect he has timed this donation for the same reason (e.g. to not lose his shirt due to his tax bracket). A Why shouldn't he? This way he has more say over where the money goes than the government if they just grabbed a heap in taxes. Quote Link to comment Share on other sites More sharing options...
sparrow Posted November 4, 2012 Share Posted November 4, 2012 I time what I do depending on taxes. Why shouldn't he? Why shouldn't he? This way he has more say over where the money goes than the government if they just grabbed a heap in taxes. :iagree: Gosh, I think you'd be a fool not to time a donation to your benefit on taxes. Quote Link to comment Share on other sites More sharing options...
NittanyJen Posted November 4, 2012 Author Share Posted November 4, 2012 I'd feel better if he hadn't sold his movie franchise right now to get ahead of the new tax laws coming into effect in 2013. I suspect he has timed this donation for the same reason (e.g. to not lose his shirt due to his tax bracket). A Why? That just sounds intelligent. Quote Link to comment Share on other sites More sharing options...
justLisa Posted November 4, 2012 Share Posted November 4, 2012 But who decides what is done with the money :001_unsure: THrowing money at education doesn't make it better. But good for him. That's a lotta dough. Quote Link to comment Share on other sites More sharing options...
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