Sports, entertainment and business leaders announced the launch of an organization aimed at reforming the United States’ criminal justice system.

Meek Mill and Jay-Z are among the group of leaders who pledged approximately $50 million to create the Reform Alliance. Its missionis to drastically reduce the number of people living under unjust parole and probation sentences, “while keeping communities safe by changing laws and public opinion.”

Other founding partners include Philadelphia 76ers co-owner Michael Rubin; Kraft CEO and New England Patriots owner Robert Kraft; Brooklyn Nets co-owner Clara Wu Tsai; Vista Equity Partners founder Robert F. Smith; Galaxy Digital founder Michael E. Novogratz; and Third Point LLC founder Daniel S. Loeb. CNN host and activist Van Jones will serve as CEO.

In an interview with NBC News’ Lester Holt, Mill said he hopes the Reform Alliance will shed light on the issues within the criminal justice system.

“This is not us going against the system, this is us trying to fix the system,” the rapper said. “These problems affect America, they affect families, they affect taxpayers. … I hope we bring real change to help fix the problem.”

(More at nbcnews.com)