noun /ˌbɛn.ɪˈfɪʃ.əɹ.i,ˌbɛn.əˈfɪʃ.əɹ.i,ˌbɛn.ɨˈfɪʃ.ɚ.i,bɛn.əˈfɪʃ.iˌɚ.i/
a) One who benefits or receives an advantage.
You are the lucky beneficiary of this special offer.
b) One who benefits from the distribution, especially of an estate.
If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.
See Also: benefactor, benefactress
Wikipedia foundation.