ben·e·fi·ci·ary
 /ˌbɛnəˈfıʃiˌeri, Brit ˌbɛnəˈfıʃəri/  noun  ,  pl   -ar·ies [  count  ]
  1 : a person, organization, etc., that is helped by something : someone or something that benefits from something
   Who will be the main beneficiaries of these economic reforms? [=who will be helped by these economic reforms?]
   The college was a beneficiary of the private grant.
  2 : a person, organization, etc., that receives money or property when someone dies
   Her father named her the beneficiary of his life insurance policy. [=she will receive the money from her father's insurance policy if he 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]