Third Way is a Washington, D.C.-based public policy think tank founded in 2005. The think tank develops policy ideas, conducts public opinion research and hosts issue briefings. The organization has four policy divisions: Economics, National Security, Clean Energy, and Social Policy & Politics. Third Way develops and advocates for policies that it says represent the "vital center".
The think tank includes many Republican donors and Democratic officials.
Much of the funding for Third Way comes from personal donations from its Board of Trustees, many of whom work or have worked in the finance sector.
Third Way was founded in 2005 by Jonathan Cowan, Matt Bennett, Jim Kessler, and Nancy Hale in the wake of the 2004 election as a policy, messaging and strategy "idea center" and think tank. The organization was dedicated to understanding the wants, needs and expectations of self-described Moderate left leaning Americans, who comprise 44% of the voting public..
Third Way has four major policy programs: the Economics Program focuses on helping the middle class in America in the midst of growing global competition. The National Security Program aims at issues of security and the US military. Third Way has also undertaken a program on clean energy intended to influence policy decisions on reducing carbon emissions. Finally, it has a Social Policy Program to examine issues including equality, education, immigration and gun control.
A Third Way sponsored a report written by William Galston of the Brookings Institution and Elaine Kamarck of Harvard University's Kennedy School entitled Change You Can Believe In Needs a Government You Can Trust. The report analyzed Americans' trust in government and reported it was in serious decline and could present significant challenges to the Obama administration's agenda.
Third Way developed the policies framed in "Spurring Weatherization Investments in Rural America", which was introduced by Representative Jim Clyburn (D-South Carolina) and Senator Lindsey Graham (R-South Carolina) as the Rural Energy Savings Program.