Gates gives $122M for D.C. scholarships

WASHINGTON (AP) — The Bill and Melinda Gates Foundation announced a $122 million initiative Thursday to send hundreds of the District of Columbia's poorest students to college — one of the foundation's largest grants for education.

The gift from the Seattle-based foundation of the Microsoft Corp. founder will provide mentoring and college scholarships for more than 2,200 students over the next 10 years. Each will receive up to $10,000 a year for college tuition for up to five years.