Doesn't make sense to me

The Ludwig Vogelstein Foundation has been sending the below email to its 2009 interested parties:

Thank you so much for your recent inquiry to the Ludwig Vogelstein Foundation regarding grant opportunities to individuals working in the arts.

The current, virtually unprecedented economic crisis has hit small nonprofit arts foundations such as ours especially hard. At this time, we cannot sustain the level of giving that we offered in years past. We have received an overwhelming number of inquiries and are not equipped at this time to process and, in all fairness, grant sufficiently in proportion to so many new potential new applicants. The Vogelstein Foundation will NOT be holding an open call for new applications this year; instead, our 2009 call for applications will be an invitational for prior grantees only.

The 2010 call for artists remains to be determined. Please reply to this e-mail if you wish to be added to the distribution list we will maintain for updated 2010 information as it becomes available. (Note: If your e-mail address changes later on, but in the interim, please contact us to let us know

Again, we thank you very much for your interest and wish you all the best in your artistic endeavors going forward.

Diana Braunschweig, Exec. Dir.

Ludwig Vogelstein Foundation
LVF@earthlink.net

Postal mailing address :
LVF, Inc.
4001 Inglewood Ave., Suite 101-309
Redondo Beach, CA 90278

While we all applaud the terrific presence and influence that foundations such as this one contribute to the art world, it doesn't make sense to me that their "2009 call for applications will be an invitational for prior grantees only."

If you ask me, that's a little backwards.