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George Lucas Donates $175 Million to USC
"Star Wars" creator and USC graduate George Lucas is giving his alma mater a blockbuster donation of $175 million — the university's largest single gift ever.
The gift from his Lucasfilm Foundation will be used to build a new home for the university’s prestigious film school, according to campus officials.
A large part of the donation will pay for a new 137,000-square-foot complex that will allow the film school to expand from its current cramped quarters and step up its emphasis on merging Hollywood storytelling skills with emerging multimedia technologies, the Los Angeles Times reports.
USC's previous top gift, $120 million in 1993, came from the late ambassador and publisher Walter Annenberg.
In a release issued by the university, Lucas said: "I discovered my passion for film and making movies when I was a student at USC in the 1960s, and my experiences there shaped the rest of my career. I'm also an ardent advocate for education at all levels, and encouraging young people to pursue their ambitions by learning.
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"I'm very fortunate to be in a position to combine my two passions and to be able to help USC continue molding the futures of the moviemakers of tomorrow."
Lucas, 62, was tied for 61st on last year's Forbes magazine list of the 400 wealthiest Americans, with an estimated net worth of $3.5 billion.
Editor's note:
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