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George Lucas to donate Disney money

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George Lucas Disney
Rick Rowell/Disney

Of the many images that flooded the imagination upon hearing the news that Disney was buying Lucasfilm for $4.05 billion (like, say, this), one of the most immediate was the thought of George Lucas swan diving into a massive, glittering money pit overflowing with Galactic Credits.

Think again!

In a formal statement this week, Lucas made clear that should the Disney deal pass regulatory muster and go through, he will donate the majority of that $4.05 billion to his “philanthropic endeavors” — though which ones remained unspecified. 

“For 41 years, the majority of my time and money has been put into [Lucasfilm],” Lucas said in the 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.”

In 2010, Lucas pledged that the “majority” of his wealth would go towards “improving education.”

Read more on EW’s coverage of the Disney-Lucasfilm deal:

Will ‘Star Wars’ memorabilia go up in value? Collectors, auction houses sound off

Mark Hamill weighs in on the future of ‘Star Wars’ — EXCLUSIVE

What about Indy? The Disney/Lucasfilm deal and the future of ‘Indiana Jones’