Beneficiary

The legal entity or person receiving the EU grant for carrying out a project. The term is used for example by the European Commission for those organisations that implement an FP7 project: The coordinator and the partners in the projects, they are all beneficiaries of the  EC grant.

Source: FP7 financial guide for applicants - find it at http://cordis.europa.eu/fp7/find-doc_en.html

The WBC-INCO.NET project for example has 29 beneficiaries, organisations who are partners in the specific project funded under FP/ (for the list of beneficiaries see http://wbc-inco.net/object/organisation/teammember).