What are they thinking? (Foundation category)

I just got an email about a grant being made available to a small group of organizations.
It requires:

• Partnering with at least one other nonprofit organization (from a short list of types of orgs)
• Leads to the engagement of underrepresented communities. (Initiatives that involve two or more underrepresented constituencies will be given greater priority.)
  
• Organize participants around issues important to them
• Contribute to achievement of goals for the betterment of the neighborhood
• Have a "WOW factor."

Application deadline is in 16 days.

And the lucky recipients get to do this with a maximum grant of $2,500! (yes only two zeros)

I know good things are suppose to come in small packages but this seems a little extreme.