EIN 26-0535276

Third Way

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2006
Most recent tax filings
2023-12-01
Description
Third Way is a Washington, D.C.–based public policy think tank founded in 2005. The think tank develops political and policy ideas, conducts public opinion research, and hosts an array of public events, issues briefings and more.
Related structure
Third Way is a subordinate organization under Third Way.
Also known as...
Third Way Institute
Total revenues
$18,435,203
2023
Total expenses
$20,439,102
2023
Total assets
$31,865,844
2023
Num. employees
0
2023

Program areas at Third Way

Third Way Institute supports the development of educational materials and events on the policy challenges faced by america, focusing on a wide variety of policy issues.climate and energyour work in 2023 responded directly to the historic passage of the inflation reduction act, bipartisan infrastructure law, and chips science law which now provides the u.s. The opportunity to develop, deploy, and export the clean energy the u.s. and the rest of the world needs to address climate change and importantly, address national security, economic, and competitiveness imperatives. Throughout 2023 we worked in the following three areas: 1) we channeled the investments from both the inflation reduction act (ira) and the bipartisan infrastructure law (bil) into the proper avenues to maximize impact, 2) we told the story of these wins as economic opportunities that benefit the american people and their communities, and 3) we worked to reform the permitting process to remove obstacles that stand in the Way of constructing massive clean energy projects.social policy, education and politicsaddressing threats on social issues: Third Way remains committed to addressing threats to american values and vulnerable populations on key social and cultural issues. We employed various tactics to make progress on crime, immigration, marijuana, and lgbt rights in the past year. This included:* releasing a follow up to our red state murder problem report showing that homicide rates have been higher in red states than blue states every year this century to push back on the narrative that crime is caused by criminal justice reform policies. * testifying at a congressional hearing on violent crime in manhattan to push back on the narrative that crime is out of control in cities like new york that have implemented criminal justice reforms and bail reform. * releasing a series of memos to help shift the narrative on immigration by highlighting actions that have been taken to improve border security and advocating for more policies that would restore order at the border. * conducting and presenting several rounds of public opinion research on voters' attitudes towards issues around transgender youth, specifically on sports participation and medical care, and sharing messaging guidance to reach conflicted audiences. * supporting bipartisan progress around gun safety and marijuana policy through a series of short memos and explainers. 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. Defining what americans want from Washington: our politics team worked diligently to understand how americans view the political system, policymakers in Washington, and policy actions they took, in order to inform the public about shifting trends and priorities in what the public wants from their government. Economicin 2023, our 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 costs; and 3) expanding awareness of entrepreneurial inequity in america.national securityin 2023, the national security program made a strategic shift to focus more aggressively on the national security threats and opportunities of artificial intelligence, both in general and as it relates to china. When microsoft unveiled chat gbt in 2022, we saw this as a game-changing moment for national security. 1) we educated policymakers on artificial intelligence, including how it works and what it can or may do, both good and bad. 2) we furthered our us-china digital world order initiative work by educating policymakers on the strengths and weaknesses china presents on ai. 3) we continued working with stakeholders and policymakers on navigating national security issues.artificial intelligence: will artificial intelligence make america and the world more or less secure? Some believe artificial intelligence may lead to the end of the human race; others say it will unleash unlimited potential and great benefits. Us-china digital global 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 of prioritizing digital governance in national security through work.national security educational efforts: our educational efforts on national security included:* regularly scanning chinese media and noting items of interest for policymakers;* introducing policymakers to xi jinping's inner circle and how they got their jobs and the roles they will play in china's leadership;* exploring cyber threats like spyware and informing policymakers;* educating leaders on the top ongoing national security challenges and conflicts around the world and the most pressing implications to u.s. national security interests in the short and long-term;* explaining the evolving geopolitical landscape and the complexity of our diplomatic relationships with allies, adversaries, and top competitors.

Grants made by Third Way

GranteeGrant descriptionAmount
Third WaySupport 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.$19,809,000

Who funds Third Way

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$4,500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,192,100
Bill & Melinda Gates FoundationPostsecondary Education; Public Awareness and Analysis$1,000,000
...and 41 more grants received totalling $14,095,282

Personnel at Third Way

NameTitleCompensation
Steve DieterleChief Financial Officer and Treasurer
Jonathan CowanPresident$0
Matthew BennettSecretary$0
Steve J Dieterle CfoBoard Treasurer As of June$0
Brenda BetheaTreasurer Until April$0
...and 1 more key personnel

Financials for Third Way

RevenuesFYE 12/2023
Total grants, contributions, etc.$17,689,532
Program services$0
Investment income and dividends$653,890
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$91,781
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$18,435,203

Form 990s for Third Way

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-09990View PDF
2022-122023-05-15990View PDF
2021-122022-05-11990View PDF
2020-122021-05-21990View PDF
2019-122020-08-26990View PDF
...and 10 more Form 990s
Data update history
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 2, 2024
Updated personnel
Identified 1 new personnel
July 16, 2024
Received grants
Identified 6 new grant, including a grant for $200,000 from Marc and Diane Spilker Foundation
May 18, 2024
Received grants
Identified 31 new grant, including a grant for $1,000,000 from Bill & Melinda Gates Foundation
December 23, 2023
Received grants
Identified 3 new grant, including a grant for $150,000 from Goodman-Lipman Family Foundation
Nonprofit Types
Social advocacy organizationsCivil rights and social justice organizationsChapter / child organizationsCharities
Issues
Public policyCriminal justice
Characteristics
Political advocacyProvides grantsLobbyingState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1025 Connecticut Ave NW Suite 400
Washington, DC 20036
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
thirdway.org/ 
Phone
(202) 384-1700
Facebook page
ThirdWayThinkTank 
Twitter profile
@thirdwaytweet 
IRS details
EIN
26-0535276
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
R05: Civil Rights, Social Action and Advocacy Research Institutes and Public Policy Analysis
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Subordinate organization
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