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beneficiary /ˌbɛnəˈfɪʃiˌeri/  /Brit ˌbɛnəˈfɪʃəri/

  • noun
    plural -aries
    [count] a person, organization, etc., that is helped by something :someone or something that benefits from something
    The college was a beneficiary of the private grant.
    a person, organization, etc., that receives money or property when someone dies
    She has made the school the sole beneficiary of/in her will. [=her will says that all her money and property should go to the school when she dies]