Pros
Access to resources to invest in important areas
Cons
Constant layoffs and turnover due to consultant-driven strategy changes every couple of years. Institution does not care about employees, no effort to grow or retain, sees no value in institutional knowledge or mature relationships with partners and grantees. No logic, no values to layoffs. Behind the times in many areas because listening to consultants with no content expertise rather than technical experts on staff. Despite the rhetoric, extremely risk averse in grant-making. Delegation of authority (everything above 5 M needs approval at the Presidential level) leads to huge bottlenecks and very slow process--approx. 1 year to make a grant... whether it's for 5 million or 30 million--despite the fact that they obsess about strategy, have yearly portfolio reviews, etc.