If Hillary Clinton is elected president in November, the infamous Clinton Family Foundation will stop accepting foreign and corporate donations, Bill Clinton reportedly promised Thursday.
The former president allegedly made the announcement during a meeting with members of the foundation, the Associated Press reported.
"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," they reported. "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."
Clinton also announced Thursday that no matter the outcome of the 2016 election, the organization's Clinton Global Initiative would hold its final meeting in September.
News that the foundation plans to turn down donations from foreign entities and corporations (depending on how the election shakes out) comes after allegations surfaced that the organization had some sort of pay-to-play scheme in place when Hillary Clinton served as secretary of state.
Though the Democratic nominee stepped down from the foundation's board when she launched her campaign in April 2015, Bill and Chelsea Clinton continue on in lead roles, keeping alive lingering questions about possible conflicts of interest and ethical dilemmas.
The concern has been shared by actors on both sides of the aisle.
The foundation is a "clear liability" for Clinton as she tries again to win the White House, the Boston Globe's editorial board said this week.
Though the Clinton-founded organization has "supported relief in Haiti, global health, and other good causes," it has also accepted a immense amount of cash from overseas, "including from foreign governments with troubling human rights records."
"The inherent conflict of interest was obvious when Hillary Clinton became secretary of state in 2009," the Globe's board wrote. "She promised to maintain a separation between her official work and the foundation, but recently released emails written by staffers during her State Department tenure make clear that the supposed partition was far from impregnable."
"That was bad enough at State; if the Clinton Foundation continues to cash checks from foreign governments and other individuals seeking to ingratiate themselves with a President Hillary Clinton, it would be unacceptable," they added.
The conflicts of interest that the foundation poses to Clintons seeking higher office seem apparent, even to former President Bill Clinton, who said in June, "There'll clearly be some changes in what the Clinton Foundation does and how we do it. We'll just have to cross that bridge when we come to it.
"Why wait?" the Globe's board asked. "The Clintons should move now to end donations to the foundation, and make plans to shut it down in November. Even if they've done nothing illegal, the foundation will always look too much like a conflict of interest for comfort."
Bill Clinton also promised Thursday that he would stop doing paid speaking engagements if Hillary Clinton wins this fall.
The former president hasn't given a paid speech since November 2015. The Clintons took in a combined $20 million in 2014 from speaking engagements.