The Parkston Area Foundation held its first annual grant banquet in March of 2007. $10,000 was given to different projects and groups in the community. In 2008 the PAF, Benson Community Foundation, and Avera St. Benedict Foundation gave $28,600 in grants. In 2009, all three foundations combined funds again and gave out $24,500 in grants and in 2010 they gave out $25,000 in grants.