NonprofitsThird Way

Civil Rights, Social Action & Advocacy

Third Way

WASHINGTON, DC

Total revenue

$31.7M

Total expenses

$24.5M

Net assets

$58.7M

Grants received

$101.8M

39 grants

EIN

201734070

Tax year

2024

Mission

To research and develop centrist policy ideas.

Programs

3 programs

Social policy and politics:in 2024, third way's social policy, education and politics team focused on three core areas: 1) defining what american want from washington; 2) centering value in the higher education debate; and 3) addressing threats on social issues:defining what americans want from washington: third way's politics team answered this question by: --utilizing electoral data sources including the catalist voter file, cooperative election study, and ap votecast, to draft reports analyzing and explaining the american electorate and differences in opinion, worldview, and voting behavior across states and districts with a focus on key presidential and senate states and battleground house districts; --conducting qualitative and quantitative public opinion research to better understand what voters prioritize, how they think about current issues under discussion in the administration and congress, and what they want from candidates and policymakers; --building a case against running a well-financed third-party candidate in the 2024 presidential election by employing historical and empirical data to show this candidate would have no path to victory and could only play a role as a spoiler for voters; and, --tracking how ideological divergent candidates fare in primary and general elections in 2024 to continue years of work showing americans continue to gravitate to mainstream candidates over extremism.centering value in the higher education debate: third way's education team continues to lead a coordinated movement to change the federal policy narrative on higher education from cost to return on investment and socialize a slate of actionable, defensible solutions to improve postsecondary value, quality, and accountability for students and taxpayers. Third way advanced these efforts by:--hosting the program's largest event to date, the higher ed value summit, a conference that brought together experts in the field, including former department of education under secretary james kvaal and other notable influencers, for a day of learning and connection on the biggest barriers to centering value in the industry.--conducting landmark public opinion research on high school students, demonstrating that young americans still see value in pursuing a college degree and understanding their barriers to that pursuit. --publishing the fourth annual economic mobility index, along with a dedicated website for our value metrics, to celebrate colleges and universities that open their doors to students from low-income backgrounds and prioritize their success.--championing the postsecondary student success grant program to support evidence-based college retention and completion programs and making the case for making this fund permanent.--weighing in on the formation of a new college accreditor and how they're developing their accrediting standards to hold them accountable to their role in the process of improving outcomes for students. --developing policy ideas for improving the graduate student lending system, which currently drives our high outstanding federal student debt and takes advantage of unrestricted taxpayer dollars.addressing threats on social issues: third way remains committed to addressing threats to american values and vulnerable populations on key social and cultural issues. Third way employed various tactics to make progress on crime, immigration, and lgbt rights in the past year. This included:--conducting and releasing public opinion research with outside partners on voters' perceptions of crime. --testifying at a congressional hearing on crime to push back on the narrative that crime is rampant in states like california and minnesota due to criminal justice reforms.--publishing and presenting public opinion research on voters' perceptions on immigration and the senate's bipartisan border bill. --releasing a series of memos pushing back on misinformation on issues related to immigration like migrant crime, mass deportation, noncitizen voting, and more.--educating legislators on the title ix congressional review act (cra) vote and how it would make students less safe.

Expenses: $5.0MGrants: $1.4M

Economics program:in 2024, third way's economic program focused on three core areas: 1) making the middle class more affordable and attainable for non-college educated workers; 2) strengthening the affordable care act and lowering health care costs; and 3) expanding entrepreneurial opportunity in america.making the middle class affordable and attainable: there are two americas today-one for the college educated and one for those without four-year degrees. Workers in these economies are worlds apart-the type of work they do, how they receive their pay, when they start their workday, and the benefits they get from employment are night and day. Much more must be done to make a middle-class life more affordable and attainable for all workers-but especially those without a four-year college degree. Work included:--deep analysis of the non-college workforce, including how they fared over the pandemic, experiences of non-college veterans, economic realities of non-college women, and how work has separated based on education level.--research into how artificial intelligence impacts the economy, workforce, and small businesses.--assessment of how different policies impact economic mobility, including paid leave and postsecondary training.lowering health care costs: even with the immense success of the affordable care act (aca), health care costs will continue to rise, millions continue to be uninsured or underinsured, and over 100 million americans have medical debt. Fortunately, the aca provides a strong foundation to build upon, and there are numerous ways to finish the job that the aca started and make health care affordable and accessible to all. Work included:--analysis of the us health system, including how the aca is helping to protect patients, why some hospitals succeed and others do not, and how hospitals are financed throughout the country.--showing how to lower costs by modernizing hospitals, including banning facility fees, improving charity care, and reforming incentives that encourage consolidation.--making the case on how medical debt affects the middle class and how to reduce medical debt for millions across the country.expanding entrepreneurship: starting a business has always been a key part of the american dream. And yet, entrepreneurship in this country is exceptionally hard. Twenty-one percent fail in their first year, and only 50% are still in business after five years. More must be done to remove barriers to starting and scaling businesses, especially for disadvantaged communities. Work included:--extensive research unpacking who owns businesses in america, how those businesses are faring, and barriers to entrepreneurship.development of policy ideas that would make it easier for more people to start and scale ventures, including how to triple the number of exporters, reform the federal contracting system, increase capital access, and help more people take the first step in business ownership.

Expenses: $3.3MGrants: $256K

National security program:in 2024, the national security program focused most exclusively on artificial intelligence, both domestically and as it relates to china. It is clear now that ai is the new arms race and that both the united states and china are well ahead of the rest of the world. Each country has a different model on how it will develop ai and each has goals on how it is regulated in deployed. Us-china on ai and the power competition: more than ever, the us-china competition will be decided by digital technology and ai. The national security program highlighted the importance and challenges the us faces with china. --the ai race will be shaped by the values each country holds. Third way dissected the major values america and china bring to ai innovation and informed policymakers and the public how it may determine who wins the ai race. --in third way's paper titled clash of the tech titans, we argued to the public and policymakers that the frontlines in the us-china digital competition are the companies. Third way educated the public on what each company does, how they compete, and the threat the chinese companies pose to national security and privacy. --third way's paper china's nervous neighbors educated policymakers and the public on how america's alliances are deep, but china's are transactional. While america's neighbors are true friends and partners; china's neighbors are wary and nervous. Third way explained china's capabilities of repression through ai, mass surveillance, relentless censorship, and automated disinformation operations that threaten global freedoms;--third way made the case that a digital pro-democracy model is needed to set international norms and standards to compete against the ongoing proliferation of china's digital autocracy model.artificial intelligence: how should policy makers view artificial intelligence a threat, an opportunity, both? Third way explored both ends of the spectrum:--third way educated policymakers and the public on what is new in artificial intelligence and argued that competition is good. --third way explored a new ai topic called agentic ai and explored the ramification for policymakers.--should ai be developed in a closed or open model? Third way analyzed the plusses and minuses of open source ai to help policymakers better understand this complicated and technical issue. --third way drafted many other papers on ai, held and attended dinners for policymakers aimed at exploring the contours of ai, participated in panels, and made many media appearances.

Expenses: $431K

Financials

FY 2024

Revenue

Contributions & grants$29.5M
Program service revenue
Investment income$2.2M
Other revenue
Total revenue$31.7M

Expenses

Grants paid$1.7M
Salaries & benefits$11.5M
Fundraising$533K
Other expenses$11.2M
Total expenses$24.5M
Total assets$66.0M
Net assets$58.7M

People

43 listed

NameRoleCompensation

JONATHAN COWAN

PRESIDENT AND CEO

Board

$413K

36 hrs/wk

MATTHEW BENNETT SECRETARY AND

EXE. VP OF PUBLIC AFFAIRS

Board

$379K

38 hrs/wk

STEVE J DIETERLE CFO

BOARD TREASURER

Board

$181K

38 hrs/wk

BRIAN FRANK

TRUSTEE

Board

2 hrs/wk

DAVID HELLER

TRUSTEE

Board

2 hrs/wk

PETER JOSEPH

TRUSTEE

Board

2 hrs/wk

DEREK KAUFMAN

TRUSTEE

Board

2 hrs/wk

DEREK KIRKLAND

TRUSTEE

Board

2 hrs/wk

DANIEL LEWIS

TRUSTEE UNTIL DECEMBER

Board

2 hrs/wk

THURGOOD MARSHALL JR

TRUSTEE

Board

2 hrs/wk

SUSAN MCCUE

TRUSTEE

Board

2 hrs/wk

DAVID HORVITZ

TRUSTEE

Board

2 hrs/wk

WILLIAM REEVES

TRUSTEE UNTIL DECEMBER

Board

2 hrs/wk

BERNARD SCHWARTZ

TRUSTEE UNTIL FEBRUARY

Board

2 hrs/wk

ALIX BURNS

TRUSTEE

Board

2 hrs/wk

CHRISTINE VARNEY

TRUSTEE

Board

2 hrs/wk

MARC SPILKER

TRUSTEE

Board

2 hrs/wk

TED TRIMPA

TRUSTEE

Board

2 hrs/wk

BARBARA MANFREY VOGELSTEIN

TRUSTEE

Board

2 hrs/wk

DOUGLAS LAWRENCE

TRUSTEE

Board

2 hrs/wk

BOB GOODMAN

TRUSTEE

Board

2 hrs/wk

RAY ROTHROCK

TRUSTEE

Board

2 hrs/wk

STEVEN GALBRAITH

TRUSTEE

Board

2 hrs/wk

ALISON KAY

TRUSTEE

Board

2 hrs/wk

GRAVES TOMPKINS

TRUSTEE

Board

2 hrs/wk

RAJ DATE

TRUSTEE

Board

2 hrs/wk

STRAUSS ZELNICK

TRUSTEE

Board

2 hrs/wk

JOYCE ABOUSSIE

TRUSTEE AS OF JUNE

Board

2 hrs/wk

JOSEPH ZIMLICH

TRUSTEE

Board

2 hrs/wk

JOHN L VOGELSTEIN

CHAIR EMERITUS

Board

3 hrs/wk

RACHEL PRITZKER

CHAIR

Board

2 hrs/wk

GEORGETTE BENNETT

TRUSTEE

Board

2 hrs/wk

WILLIAM BUDINGER

TRUSTEE

Board

2 hrs/wk

DAVID COULTER

TRUSTEE

Board

2 hrs/wk

WILLIAM DALEY

TRUSTEE

Board

2 hrs/wk

JOHN DYSON

TRUSTEE

Board

2 hrs/wk

MIKE EDWARDS

TRUSTEE

Board

2 hrs/wk

JAMES KESSLER

EXE. VP OF POLICY

Staff

$377K

40 hrs/wk

LANAE M ERICKSON SR VP FOR

SOCIAL POLICY & POLITICS

Staff

$300K

40 hrs/wk

GABRIEL A HORWITZ SENIOR

VP OF ECON PROGRAM

Staff

$296K

40 hrs/wk

JOSHUA FREED SENIOR VP

OF CLEAN ENERGY

Staff

$295K

40 hrs/wk

EMILY STERNFELD SENIOR VP

OF DEV. & EXTERNAL AFFAIRS

Staff

$231K

40 hrs/wk

XIAVIAN ROMMELL BROWN

SENIOR DIRECTOR

Staff

$179K

40 hrs/wk

Independent contractors

BOUNDARY STONE PARTNERS

STRATEGIC CONSULTING

$545K

EVOLVED ENERGY RESEARCH LLC

ANALYSIS, MODELING, CONSULTING

$448K

GLOBAL STRATEGY GROUP LLC

PUBLIC OPINION RESEARCH

$447K

O'MELVENY

CONSULTING & LEGAL

$232K

STARK MEDIA PLANNING LLC

MARKETING (PAID DIGITAL MEDIA)

$220K

Grants received

Showing 39 of 39

FromAmountPurposeYear
$21.9M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2024
$200K
POLICY DEVELOPMENT
2024
$100K
CONTRIBUTION
2024
$75K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2024
$60K
GENERAL CONTRIBUTION
2024
$50K
GENERAL SUPPORT
2024
$5K
Voting Rights
2024
$19.8M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2023
$257K
POLICY IMPLEMENTATION
2023
$221K
ENVIRONMENTAL PROGRAMS
2023
$45K
Voter education and voter mobilization
2023
$29K
POLICY DEVELOPMENT
2023
$25K
GENERAL SUPPORT
2023
$17K
SEE PART IV
2023
$15K
TO SUPPORT THE BATTLE AGAINST EXTREMISM FOR A MORE MODERATE POLICY AND POLITICS
2023
$10K
GENERAL OPERATING
2023
$10K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2023
$5K
Voting Rights
2023
$18.1M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2022
$2.1M
US CLEAN ENERGY INNOVATION POLICIES
2022
$1.6M
US CLEAN ENERGY INNOVATION POLICIES
2022
$500K
General operating support
2022
$100K
ENVIRONMENTAL PROGRAMS
2022
$75K
GENERAL SUPPORT
2022
$15K
TO SUPPORT THE BATTLE AGAINST EXTREMISM FOR A MORE MODERATE POCILY AND POLITICS
2022
$8K
Voting Rights
2022
$12.9M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2021
$150K
POLITICAL AFFAIRS
2021
$100K
ADVOCACY
2021
$8K
VOTING RIGHTS
2021
$11.6M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2020
$50K
GENERAL SUPPORT
2020
$11.3M
SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
2019

Funded by

$101.8M from 20 funders · 39 grants · 2019–2024

Third Way Institute

$95.6M · 6 grants · 2019–2024

Breakthrough Energy Action Inc

$2.6M · 5 grants · 2022–2024

Breakthrough Energy Foundation

$2.1M · 1 grant · 2022

Sixteen Thirty Fund

$321K · 2 grants · 2022–2023

The Business Roundtable Inc

$200K · 4 grants · 2020–2024

The James Family Charitable

$175K · 2 grants · 2022–2023

Environmental Defense Action Fund

$150K · 1 grant · 2021

Details

EIN201734070
NTEE codeR99
Subsection04
Ruling date2005-07
Formed2004
Employees99
Volunteers34