The governor tapped former LA Laker Magic Johnson, Dodgers chairman, and Olympics 2028 organizer to lead the philanthropic effort.

Gov. Gavin Newsom said LA Rises, a new private-sector philanthropic initiative, will work with the city, county and the state to support the rebuilding of Los Angeles. Mark Walter and the Dodgers will provide up to $100 million.

Gov. Newsom enlisted the help of Dodgers Chairman Mark Walter, LA Lakers legend and businessman Earvin “Magic" Johnson, and LA28 Chairperson Casey Wasserman for the initiative.

The post-wildfire public-private partnership includes at least $100M of private capital and will shape "what L.A. is going to be like for the next 50 or 100 years."

Mark Walter Family Foundation and Los Angeles Dodgers Foundation have provided an initial commitment of $100 million.

California Gov. Gavin Newsom (D) announced a private sector effort entitled “LA Rises” to rebuild Los Angeles communities on Tuesday after days of devastation caused by wildfires.