Bill Clinton Outlines Detailed Changes to Foundation if Hillary Clinton is Elected President

Not long after Republican presidential nominee Donald Trump released a statement

The former president also announced Monday that he will no longer raise money for the foundation should his wife win in November. A spokesperson for Chelsea Clinton tells ABC News that she will remain on the board regardless of the election results.

In his letter, sent via email to supporters today, President Clinton admitted that it would be presumptive to assume a November win, but officials for his foundation say that talks about protocol changes have been occurring since February.

“If Hillary is elected president, the Foundation’s work, funding, global reach, and my role in it will present questions that must be resolved in a way that keeps the good work going while eliminating legitimate concerns about potential conflicts of interest,” wrote Clinton.

But his letter today went a step further -- with the former president writing that his foundation will only accept contributions from U.S. citizens, permanent residents, and U.S.-based independent foundations.

The foundation has repeatedly denied any corruption and has painted themselves as much more transparent than other foundations. Most notably, they began making their donor names public when Hillary Clinton became Secretary of State. Despite Donald Trump and his running mate, Governor Mike Pence's call for a complete shut down of the foundation, President Clinton made it clear in his letter that he has no plans of doing so. Today, Hillary for America Chair John Podesta put out statement in direct response to Trump's corruption assertions.

"The Foundation has already laid out the unprecedented steps the charity will take if Hillary Clinton becomes president. Donald Trump needs to come clean with voters about his complex network of for-profit businesses that are hundreds of millions of dollars in debt to big banks, including the state-owned Bank of China, and other business groups with ties to the Kremlin. Donald Trump should stop hiding behind fake excuses and release his tax returns and immediately disclose the full extent of his business interests. He must commit to fully divesting himself from all of his business conflicts to ensure that he is not letting his own financial interests affect decisions made by his potential administration."