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Washington, D.C. · Public charity

Third Way

To research and develop centrist policy ideas.

$1.7M
Granted FY2024(still arriving)
10
Grants FY2024
3
Organizations funded FY2023
67%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$150,000
Largest grant, FY2024
$475,000
Organizations funded a year
1 to 7
FY2017 to FY2023
States reached, FY2024
6
Total assets, FY2024
$66M

How open it is to new grantees

In FY2023, 67% of the organizations Third Way funded were first-time grantees, receiving 57% of its grant dollars.

New vs renewed · share of each year

In FY2023, 43% of grant dollars renewed an existing relationship; $260k went to new ones.

50%100%’18’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23
EnvironmentHuman ServicesPublic BenefitAnimalsEducationInternationalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving10$1.7M80%
FY20233$460k67%
FY20224$245k50%
FY20213$170k67%
FY20207$947k86%
FY20192$55k50%
FY20181$25k0%
FY20173$475kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Environment$1.7MPublic Benefit$770kCommunity Improvement$766kCivil Rights$485kYouth Development$200kEducation$150kHealth$10k

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

MN
NY
MA
CA
UT
VA
NC
DC

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
National Urban League Inc$666,00030%
Protect Our Families Inc$475,0001n/a
The Newdeal Forum$315,000242%
Newdeal$300,000417%
The Breakthrough Institute$300,00028%
Smart Growth America$297,68315%
The Energy for Growth Hub Inc$214,826229%
Young Peoples Alliance Education Fund$200,000144%
Civic Attention Inc$180,0001n/a
For Facts Sake$150,000138%
Show all 23 grantees
All grantees of Third Way by total granted
GranteeTotal grantedYearsShare of their budget
National Urban League Inc$666,00030%
Protect Our Families Inc$475,0001n/a
The Newdeal Forum$315,000242%
Newdeal$300,000417%
The Breakthrough Institute$300,00028%
Smart Growth America$297,68315%
The Energy for Growth Hub Inc$214,826229%
Young Peoples Alliance Education Fund$200,000144%
Civic Attention Inc$180,0001n/a
For Facts Sake$150,000138%
The Welcome Party Inc$125,00018%
National Wildlife Federation$100,00010%
BlueGreen Alliance Inc$100,00014%
The Next 50 Network LLC$100,0001n/a
Bipartisan Policy Center Inc$100,00010%
For Facts Sake Action$75,000113%
Newdeal Forum$50,0001n/a
Common Sense Coalition$50,0001n/a
Committee for a Responsible Federal Budget$30,00011%
Clean Energy Leadership Institute$20,00021%
Women Vote$10,0001n/a
Collective Future$10,0001n/a
Center for Innovative Policy$10,00011%

Plus 1 recipient with no EIN on record ($175k), not named here.

Where it is load-bearing

Third Way supplied at least a quarter of the budget for 4 of its grantees at some point. The chart plots its 16 largest grantees; load-bearing ones sit top left.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetNational Urban League Inc: $666,000 over 3y, 0.3% of budgetThe Newdeal Forum: $315,000 over 2y, 42% of budgetNewdeal: $300,000 over 4y, 17% of budgetThe Breakthrough Institute: $300,000 over 2y, 7.9% of budgetSmart Growth America: $297,683 over 1y, 5.4% of budgetThe Energy for Growth Hub Inc: $214,826 over 2y, 29% of budgetYoung Peoples Alliance Education Fund: $200,000 over 1y, 44% of budgetFor Facts Sake: $150,000 over 1y, 38% of budgetThe Welcome Party Inc: $125,000 over 1y, 7.7% of budgetNational Wildlife Federation: $100,000 over 1y, 0.1% of budgetBlueGreen Alliance Inc: $100,000 over 1y, 4.2% of budgetBipartisan Policy Center Inc: $100,000 over 1y, 0.4% of budgetFor Facts Sake Action: $75,000 over 1y, 13% of budgetCommittee for a Responsible Federal Budget: $30,000 over 1y, 0.5% of budgetClean Energy Leadership Institute: $20,000 over 2y, 1.2% of budgetCenter for Innovative Policy: $10,000 over 1y, 0.6% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 16.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Sixteen Thirty FundDC13.2× affinity4 shared granteesties to 4 of 4Hover any node to trace its alignments.Compare side by side →

Open a dossier: Sixteen Thirty Fund · The William & Flora Hewlett Foundation · American Endowment Foundation · National Philanthropic Trust · Fidelity Investments Charitable Gift Fund

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare Third Way with peer funders

About Third Way

How much does Third Way give?
Third Way reported 10 grants totaling $1,681,500 in its FY2024 IRS filing. It funded between 1 and 7 organizations a year over FY2017 to FY2023.
What does Third Way fund?
By grant dollars over FY2017 to FY2024, its largest causes are Environment (41%), Public Benefit (19%), Community Improvement (19%).
Who are Third Way's largest grantees?
By total granted over FY2017 to FY2024: National Urban League Inc ($666k), Protect Our Families Inc ($475k), The Newdeal Forum ($315k).
Does Third Way fund new organizations?
In FY2023, 67% of the organizations it funded were first-time grantees.
Which funders back the same organizations as Third Way?
Its strongest co-funders, measured against what their size predicts, include Sixteen Thirty Fund, The William & Flora Hewlett Foundation, American Endowment Foundation.
Where is Third Way based?
Third Way is based in DC.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 24 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Third Way’s filings →

More from the funding graph