Former Vice President Joe Biden, alongside his wife Dr. Jill Biden, will start a charitable foundation to fight cancer, prevent sexual assault, support military families and boost education, The Washington Post reports.
Biden told the Post previously he wanted to start a nonprofit that would raise funds to fight many cancer-related issues. His son Beau died of cancer in 2015, leading him to become a prominent voice in raising money to fight the disease.
Here's the statement announcing the new foundation.
We look forward to this new chapter where we will continue our work to ensure that everyone ... gets a fair shot at achieving the American Dream.
But it's not a single-issue foundation, since it also includes Jill's work to make "high-quality, affordable education" available to more people in the U.S. and worldwide.
Former President Obama signed the 21st Century Cures Act in December, which included $1.8 billion for Biden's "cancer moonshot" to eradicate the disease. It passed the Senate nearly unanimously, 94-5.
No, it's not like the Clinton Foundation
The Biden Foundation won't accept donations from foreign citizens, unlike the Clinton Foundation which found itself mired in scandal for doing so.
It will take money from private foundations and donor-advised funds, the Post reported.