The Third Way Institute directs essentially all of its grantmaking to a single beneficiary — Third Way — to support policy research, public education, and advocacy on economic, national security, energy, and social policy issues from a centrist/moderate perspective. The foundation functions as a dedicated funder or supporting organization for a think tank, underwriting its operating and programmatic capacity rather than a diversified grant portfolio. Its giving is explicitly targeted toward shaping policy debate and informing the views of self-identified moderates.
$21.9M
$28.3M
$19.3M
$22.3M
Most grants fall between $18.5M and $19.4M, with a median of $18.9M.
25th Percentile
$18.5M
Median
$18.9M
75th Percentile
$19.4M
JONATHAN COWAN
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Highly concentrated: almost all funds go to a single repeat grantee (Third Way) in large amounts, indicating core support for one organization’s operating and program activities rather than distributed, project-based giving.
Notable grantees: Third Way
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| THIRD WAY | WASHINGTON, DC | $21,902,000 | 2025 | 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. |
| THIRD WAY | WASHINGTON, DC | $19,809,000 | 2024 | 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. |
| THIRD WAY | WASHINGTON, DC | $18,088,982 | 2023 | 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. |
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.
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.
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.