Clinton's Foundation to Alter Donation Policy if She's Elected
No money from foreigners or corporations
By Newser Editors and Wire Services
Posted Aug 18, 2016 6:51 PM CDT
Bill Clinton says the Clinton Foundation will only accept donations from US citizens if Hillary Clinton wins the White House.   (AP Photo/Carolyn Kaster, File)

(Newser) – Hillary Clinton's family foundation will no longer accept foreign and corporate donations if she is elected president, and will bring an end to its annual Clinton Global Initiative meeting regardless of the outcome of the November election, the AP reports. Former President Bill Clinton made the announcement at an afternoon meeting with foundation staff members. Bill Clinton said the foundation plans to continue its work, but intends to refocus its efforts in a process that will take up to a year to complete. The former president, who turns 70 on Friday, said he will resign from the board, and the foundation will only accept contributions from US citizens and independent charities. It will no longer take money from any foreign entity, government, foreign or domestic corporations, or corporate charities.

At the staff meeting, Clinton said he and his daughter, Chelsea, did not face any external pressure to make the changes, but wanted to avoid any potential issues or second guessing for Hillary Clinton should she move into the White House. The future of the Clinton Foundation has been one of the overarching questions shadowing Clinton's campaign. The sprawling charitable network, founded after Bill Clinton left office in 2001, has raised more than $2 billion for initiatives focused on global health, climate change, economic development, and increasing opportunities for women and girls. While Hillary Clinton stepped down from its board after launching her 2016 campaign, her husband and daughter have remained in leadership roles, prompting questions about the ability of the organization to continue its work should Clinton win the White House.