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.

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

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

Gavin Newsom announced Tuesday a new private sector initiative to help rebuild Los Angeles following the Los Angeles wildfires. Titled LA Rises, the recovery effort will bring together high-profile leaders around the city including Dodgers Chairman Mark Walter,

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.