Led by Magic Johnson, Casey Wasserman and Dodgers Chairman Mark Walter, the mandate is to create "a unified recovery initiative," raise money & recruit others.

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.

Magic Johnson, Dodgers Chairman Mark Walter, and 2028 Olympics organizer Casey Wasserman will lead a new private-sector initiative to support wildfire recovery in Los Angeles, Gov. Gavin Newsom announced Tuesday.