NEW YORK — 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.

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 U.S. 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.

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