Third Way
TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$66.0M
+14.5% YoY
Annual Giving
$1.7M
+264.3% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$168K
+9.3% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,953,090 | $57,624,634 | $48,609,569 |
| Revenue | $31,698,898 | $27,152,185 | $27,422,767 |
| Expenses | $24,538,373 | $21,266,704 | $23,095,434 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,237,945 | $1,669,331 | $24,932 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Third Way fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JONATHAN COWAN | PRESIDENT AND CEO | 36 | $413,118 |
| JOHN L VOGELSTEIN | CHAIR EMERITUS | 3 | — |
| RACHEL PRITZKER | CHAIR | 2 | — |
| GEORGETTE BENNETT | TRUSTEE | 2 | — |
| WILLIAM BUDINGER | TRUSTEE | 2 | — |
| DAVID COULTER | TRUSTEE | 2 | — |
| WILLIAM DALEY | TRUSTEE | 2 | — |
| JOHN DYSON | TRUSTEE | 2 | — |
| MIKE EDWARDS | TRUSTEE | 2 | — |
| BRIAN FRANK | TRUSTEE | 2 | — |
| DAVID HELLER | TRUSTEE | 2 | — |
| PETER JOSEPH | TRUSTEE | 2 | — |
| DEREK KAUFMAN | TRUSTEE | 2 | — |
| DEREK KIRKLAND | TRUSTEE | 2 | — |
| DANIEL LEWIS | TRUSTEE UNTIL DECEMBER | 2 | — |
| THURGOOD MARSHALL JR | TRUSTEE | 2 | — |
| SUSAN MCCUE | TRUSTEE | 2 | — |
| DAVID HORVITZ | TRUSTEE | 2 | — |
| WILLIAM REEVES | TRUSTEE UNTIL DECEMBER | 2 | — |
| BERNARD SCHWARTZ | TRUSTEE UNTIL FEBRUARY | 2 | — |
| ALIX BURNS | TRUSTEE | 2 | — |
| CHRISTINE VARNEY | TRUSTEE | 2 | — |
| MARC SPILKER | TRUSTEE | 2 | — |
| TED TRIMPA | TRUSTEE | 2 | — |
| BARBARA MANFREY VOGELSTEIN | TRUSTEE | 2 | — |
| DOUGLAS LAWRENCE | TRUSTEE | 2 | — |
| JOSEPH ZIMLICH | TRUSTEE | 2 | — |
| BOB GOODMAN | TRUSTEE | 2 | — |
| RAY ROTHROCK | TRUSTEE | 2 | — |
| STEVEN GALBRAITH | TRUSTEE | 2 | — |
| ALISON KAY | TRUSTEE | 2 | — |
| GRAVES TOMPKINS | TRUSTEE | 2 | — |
| RAJ DATE | TRUSTEE | 2 | — |
| STRAUSS ZELNICK | TRUSTEE | 2 | — |
| JOYCE ABOUSSIE | TRUSTEE AS OF JUNE | 2 | — |
| MATTHEW BENNETT SECRETARY AND | EXE. VP OF PUBLIC AFFAIRS | 38 | $379,453 |
| STEVE J DIETERLE CFO | BOARD TREASURER | 38 | $181,205 |
| JAMES KESSLER | EXE. VP OF POLICY | 40 | $377,021 |
| JOSHUA FREED SENIOR VP | OF CLEAN ENERGY | 40 | $294,687 |
| GABRIEL A HORWITZ SENIOR | VP OF ECON PROGRAM | 40 | $296,343 |
| LANAE M ERICKSON SR VP FOR | SOCIAL POLICY & POLITICS | 40 | $299,942 |
| XIAVIAN ROMMELL BROWN | SENIOR DIRECTOR | 40 | $178,811 |
| EMILY STERNFELD SENIOR VP | OF DEV. & EXTERNAL AFFAIRS | 40 | $230,542 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
District of Columbia $1.5M (42%)
New York $666K (19%)
Utah $475K (14%)
Virginia $280K (8%)
North Carolina $200K (6%)
Massachusetts $175K (5%)
California $120K (3%)
Minnesota $100K (3%)
Cities
ArlingtonBostonMidlothianMinneapolisNew YorkOaklandRaleighRestonSalt Lake CityWashington
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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