beneficiary Look up beneficiary at Dictionary.com
1610s (n.) "one who receives profits or advantages," 1620s (adj.) "connected with the receipt of profits or advantages," probably via French bénéficiaire, from Latin beneficiarius "enjoying a favor, privileged," from beneficium "a favor, service, generosity, kindness, benefit," from beneficus "generous, kind, benevolent, obliging," from bene- "good, well" (see bene-) + -ficus, from -ficere, combining form of facere "to do, to make" (from PIE root *dhe- "to set, put").