beneficiary
n. countablen. a person or group that receives money, help, or an advantage from something like a will, an insurance policy, or a new law.
n. a person or entity designated to receive assets or benefits from a legal instrument, such as a trust, will, or insurance policy.
She is the main beneficiary of her grandmother's will.
The local school became the primary beneficiary of the charity auction, receiving over fifty thousand dollars for new computers.
While the legislation was intended to support small businesses, the primary beneficiaries appeared to be large corporations with the legal resources to navigate the complex application process.
From Latin beneficiarius (“enjoying a favor, granted a privilege”) from beneficium (“benefit”), perhaps via or influenced by French bénéficiaire (“beneficiary”). Indirectly, by way of the etymology of the Latin word beneficium, the English word beneficiary ultimately has the same origin as the English word benefactor, its near antonym.
Commonly paired with the preposition 'of' to indicate the source of the benefit.