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'A New Reality': Price Tag for LA Fires Pegged at $65 Billion, Report Says

LOS ANGELES COUNTY, CALIFORNIA, JUL 21 – Nearly $100 million raised by FireAid concerts was distributed to about 120 nonprofits, but many wildfire victims report receiving no direct aid, raising transparency and allocation concerns.

  • On Jan. 30, 2025, two FireAid concerts at Los Angeles venues raised over $100 million, with star performers donating time, Circling the News reported.
  • In early January, the Pacific Palisades enclave in Los Angeles was hit hardest when wildfires broke out, killing 30 people and destroying over 16,200 buildings.
  • Official statements from the Annenberg Foundation say it distributed $50 million and $25 million to about 120 nonprofits, with no public record showing funds reaching displaced homeowners or families.
  • Amid growing scrutiny, residents have called on Attorney General Rob Bonta to investigate, while Sue Pascoe and James Li uncovered a disconnect between donor intent and disbursement, and residents urge probes into diverted funds.
  • Alongside rebuilding efforts, stakeholders are pressing for spending transparency, while officials have said the area is in various stages of rebuilding and hope residents may return by January 2026.
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Fall River Reporter broke the news in on Sunday, July 20, 2025.
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