benefit benefit /ˈbɛnəfɪt/

noun

1. () Financial assistance in time of need  ( benefit )
   financial assistance in time of need
     The company offers various employee benefits, including health insurance and retirement plans.
   The company offers various employee benefits, including health insurance and retirement plans.
   
2. () Something that aids or promotes well-being  ( welfare , benefit )
   something that aids or promotes well-being
    For the benefit of all
   for the benefit of all
   
3. () A performance to raise money for a charitable cause  ( benefit )
   a performance to raise money for a charitable cause
   

verb

1. () Derive a benefit from  ( profit , gain , benefit )
   derive a benefit from
    She profited from his vast experience
   She profited from his vast experience
   
2. () Be beneficial for  ( do good , benefit )
   be beneficial for
    This will do you good
   This will do you good