Clinton Foundation to End Global Initiative Event, Curb Donations

Bill Clinton Late Show With Stephen Colbert
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September’s Clinton Global Initiative annual meeting, a yearly gathering of world leaders, non-profit officials and celebrities, will be its last, a spokesman confirmed on Thursday.

The foundation also will not accept foreign and corporate donations if Hillary Clinton is elected president, according to the Associated Press and a spokesman for the organization.

Bill Clinton, who is resigning from the board, made the announcement at a meeting with staffers on Thursday afternoon, according a source. Hillary Clinton is not expected to attend this year’s Global Initiative, which is being held from Sept. 19-21. It has coincided with the United Nations General Assembly in New York.

The event was started in 2005 as a way to try to implement meaningful solutions to world problems such as climate change, world hunger and poverty. Participants at the gathering make commitments that the foundation says has improved the lives of 430 million people.

Hollywood figures such as Brad Pitt, Angelina Jolie, Matt Damon and Ben Affleck have spoken at the initiative through the years, often to discuss their philanthropic work.

Hillary Clinton stepped down from the board of the foundation when she launched her presidential bid, but foreign donations to the foundation have come under scrutiny and have been the target of attacks from her opponents.