The Associated Press is reporting that the Clinton Foundation will stop accepting donations from foreign and corporate entities if Hillary Clinton is elected president.
Former President Bill Clinton made the announcement Thursday afternoon during a meeting with foundation staff. He also told them the last Clinton Global Initiative meeting would be held in New York in September.
From the wire:
Bill Clinton said if Hillary Clinton wins the White House, the family's foundation would only accept contributions from U.S. citizens and independent charities.
He added the foundation will continue its work, but plans to refocus its efforts in a process that will take up to a year to complete.
While Hillary was secretary of state, the Clinton Foundation received millions of dollars from foreign governments, which violated ethics agreements wishing the Obama administration.
For the last 40 years, between their campaigns and foundation, the Clintons have raised $3 billion -- a third through campaigns and $2 billion through the Clinton Foundation.
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