The Third Way Foundation Inc
To advance the cause of progressive government in America by promoting civic responsibility and public entrepreneurship.
Key facts about The Third Way Foundation Inc
- EIN
- 52-1629221
- Latest 990 filing
- Form 990, 2025
- Total assets
- $19,669,841
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$19.7M
+2.9% YoY
Revenue
$11.3M
+1.8% YoY
Net Investment Income
$1.7M
+57.6% YoY
Expenses
$9.5M
-12.8% YoY
About The Third Way Foundation Inc
Based on IRS filings
The Third Way Foundation Inc is a public charity, based in Washington, DC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $19.7M in total assets. Net investment income was $1.7M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $80K (2023) to $426K (2024). In 2024 it made 9 grants totaling $426K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 5 grants of 9 (56%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $19,669,841 | $19,110,224 | $18,305,774 |
| Revenue | $11,297,128 | $11,097,849 | $9,169,792 |
| Expenses | $9,504,109 | $10,900,240 | $7,637,914 |
| Net Investment Income | $1,693,496 | $1,074,226 | $249,706 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 29, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 27, 2026)
Leadership & Key People
Officers and directors from IRS filings
The Third Way Foundation Inc is led by Lindsay Mark Lewis, Executive Director since 2025 (on filings since 2020); 8 of 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lindsay Mark Lewis
Executive Director
Executive Director → Executive Di, 2024
Executive Di → Executive Director, 2025
On filings since 2020
40 hrs/week
$255K (2021) → $387K (2025)
Will Marshall
President
New on the 2025 filing
40 hrs/week
$330K (2025)
Bill Buddinger
Director
On filings since 2020
2 hrs/week
No compensation reported
Chris Kelly
Director
On filings since 2020
2 hrs/week
No compensation reported
Bernie McKay
Director
On filings since 2024
2 hrs/week
No compensation reported
Brodi Fontenot
Director
On filings since 2024
2 hrs/week
No compensation reported
Robin Lake
Director
On filings since 2024
2 hrs/week
No compensation reported
Aimiee Troyen
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Jon Adelson
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Laurel Britton
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Liz Boyer
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Michael Mandel
Chief Economist
Chief Economist → Chief Econom, 2024
Chief Econom → Chief Economist, 2025
On filings since 2020
40 hrs/week
$240K (2021) → $240K (2025)
Paul Weinstein Jr.
Senior Fellow
Director → Secretary, 2024
Secretary → Senior Fellow, 2025
On filings since 2021
2 hrs/week
$59K (2025)
Benjamin A. Ritz
Vice President of Policy Development
Director → Vice President of Policy Development, 2025
On filings since 2022
40 hrs/week
$138K (2022) → $193K (2025)
Edward Gresser
Vice President of Trade & Global Markets
Vice President → Vice President of Trade & Global Markets, 2025
On filings since 2022
40 hrs/week
$219K (2022) → $219K (2025)
Diana Moss
Vice President
On filings since 2023
40 hrs/week
$78K (2023) → $240K (2025)
Bruno Manno
Senior Advisor
On filings since 2024
40 hrs/week
$171K (2024) → $294K (2025)
Former officers (15)
- Former: William Marshall (2020–2024) — President
- Former: Bill Galston (2024) — Director
- Former: Elizabeth Bowyer (2024) — Director
- Former: Johnathan Adelson (2024) — Director
- Former: William Budinger (2024) — Director
- Former: William Galston (2020–2023) — Director
- Former: Curtis Valentine (2021–2023) — Co-Director
- Former: Steven Neely Brown (2021–2023) — Director
- Former: Tressa A. Pankovits (2021–2023) — Co-Director
- Former: Sarah Paden (2022–2023) — Vice President
- Former: Stuart Malec (2022–2023) — Director
- Former: Jeremiah Johnson (2021–2022) — Policy Director
- Former: Jordan Shapiro (2022) — Director
- Former: David Rothkopf (2020–2021) — Director
- Former: Areille S. Kane (2021) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $387K, to Lindsay Lewis (Executive Director). 8 officers or directors reported compensation on that filing.
Frequently asked questions about The Third Way Foundation Inc
How large is The Third Way Foundation Inc?
The Third Way Foundation Inc reported $19.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.3M.
Where does The Third Way Foundation Inc operate?
The Third Way Foundation Inc has awarded grants in California, Kentucky, Maryland, New Jersey, Ohio, Virginia, West Virginia.
What is The Third Way Foundation Inc's EIN?
The Third Way Foundation Inc's EIN (Employer Identification Number) is 52-1629221. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching The Third Way Foundation Inc by hand.
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