Bill Conway Decides How to Donate $1 Billion

Local financier Bill Conway has finally decided how he wants to give away $1 billion to help the Washington, D.C. region — and it’s not at all what he originally expected.

Conway disclosed Tuesday that he’s making a down payment on his $1 billion promise with an initial round of grants totaling $55 million. Most will go to scholarships and other tuition assistance to help nursing students at area universities and children at Catholic schools, and to fund a job training program in Anacostia.