Meaning

• An advantage; help or aid from something.

  "It was for her benefit.   His benefit was free beer."

• A payment made in accordance with an insurance policy or a public assistance scheme.

• An event such as a performance, given to raise funds for some cause.

• Beneficence; liberality

Meaning

• To be or to provide a benefit to.

• To receive a benefit (from); to be a beneficiary.