Former president Bill Clinton (Reuters)

Former president Bill Clinton responded to public scrutiny about the operations of his charitable foundation, issuing a lengthy public letter Friday afternoon explaining the organization's finances and management overhaul.

Clinton's letter is an attempt to calm the foundation's donors and partners after an extensive report Wednesday in ythe New York Times documented tensions and conflicts of interest inside and outside the Bill, Hillary and Chelsea Clinton Foundation. The Times reported that the nonprofit foundation ran multimillion-dollar deficits over several years while funding glitzy events and worldwide travel by its leaders.