Gavin Newsom held a news conference at Dodger Stadium at the end of Jan. 2025 to announce a private-sector initiative called LA Rises to be co-chaired by Magic Johnson. He was there to unveil LA Rises, a signature initiative under which the private sector and philanthropists could unite to help Southern California rebuild and recover. The big announcement: Walter and two of his associated charities — his family foundation and the Dodgers’ foundation — would contribute up to $100 million as “an initial commitment” to LA Rises. LA Rises has delivered $20 million to date, including $7.8 million from Walter’s family foundation, according to Newsom’s office. We are still very involved with this, both with LA Rises and other entities.”Kasten did not rule out Walter shifting some or all of his remaining funding commitment to an organization outside LA Rises.

Source: Los Angeles Times February 04, 2026 18:30 UTC