Billionaire Lucas -- the new power philanthropist in education

Not sure about this. But does this mean that George Lucas pays no taxes on the sale of his film company to Disney? The "Star Wars" director will reportedly "donate" the $4.05 billion he will receive from the sale of Lucasfilm Ltd. to Disney to his own Edutopia foundation. Like Bill Gates, who left his post atop Microsoft to run his $30 billion foundation, Lucas will now make the world of education reform his own. 

“I am dedicating the majority of my wealth to improving education. It is the key to the survival of the human race. We have to plan for our collective future –- and the first step begins with the 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.”

So far, Edutopia has been more humane than Gates' own power philanthropy. But we'll see.