Corporate America is feeling generous following the passage of tax reform.
The bonuses will be distributed to all full- and part-time non-executive employees, either hourly or salaried, who have been with the company since the beginning of the year.
The education fund will be eligible for up to 88,000 hourly employees and will cover tuition costs.
Disney joins a bevy of other large corporations who have rewarded employees with a one-time bonus in response to permanent tax relief that was signed into law late last year.
Rival Comcast (CMCSA) - Get Report , AT&T (T) - Get Report , American Airlines (AAL) - Get Report and PNC Bank (PNC) - Get Report have all given similar bonuses to their employees following passage of the $1.5 trillion.
"Participants can pursue qualifying higher education or vocational training, including courses unrelated to their current responsibilities at Disney," the company said in a statement.
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