December 19th, 2008
09:31 AM ET
14 years ago

Clinton Foundation reaches written agreement with Obama camp

[cnn-photo-caption image= caption=" CNN has obtained a written memorandum between the Clinton Foundation and the Obama transition team."]
WASHINGTON (CNN) – In an effort to clear the way for Sen. Hillary Clinton’s confirmation as secretary of state, CNN has learned that her husband’s foundation has reached a written agreement with the Obama-Biden transition team.

The five-page document states that former President Bill Clinton will not personally solicit funds for the Clinton Global Initiative, a high-profile annual gathering of the Clinton Foundation that solicits contributions from around the world in order to address global challenges like poverty, climate change, and global health issues. In the document, the foundation also agrees to separate the Clinton Global Initiative off from the rest of its operations and incorporate that initiative as a separate entity.

The foundation also agrees to seek review by State Department ethics officials of certain donations to its effort to fight HIV and AIDS throughout the world.

The agreement was turned over to the Senate Foreign Relations Committee by the Obama transition team Wednesday and obtained by CNN Thursday.

Click here to read the agreement.

soundoff (103 Responses)
  1. Danny G. Boca Raton, FL

    what kind of people are reading this... this is un-presedented. the transparency in which the donor list has been given to the public and the the very nature of the agreement in which President Clinton removes himself frm direct ties to foundation donations is incredible. furthermore the foundation agrees to be under the guidlines of the State Department. Folks get real, don't believe for a second any of the other former presidents have given this much back. this is a huge story and a positive one. the foundation's purpose is to fight HIV and other deseases; this was very generous for Mr. Clinton in exchange for Hillary becoming secretary of State. too bad some of you can't recognize that this is a very special moment.

    December 19, 2008 01:50 pm at 1:50 pm |
  2. carlo

    Why do some of you insist on being arm chair shrinks? I'd bet the farm that Hillary and Barack mended their breaks long before the election was over. If he hated her or if she hated him, she would not be SOS and she would have never given up her Senate seat. If they can tolerate each other, then I think we should follow suit.

    December 19, 2008 02:18 pm at 2:18 pm |
  3. James Ibhahe

    Hey every one while don't we give change a chance, at least lets allow Obama come in first and whatch his Administration for at least one year b4 we start judging remember Rome was not built in aday.

    December 19, 2008 03:54 pm at 3:54 pm |
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