Rick Rowell/Disney
Adam B. Vary
November 01, 2012 AT 08:28 PM EDT

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.”

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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’

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