Donee

n. receiver of a gift or donation

Donation is a gift to a fund or cause, typically for charitable reasons. A donation may take various forms, including cash, services, clothing, toys, food, accommodation, blood or new or used items. Charitable gifts of goods or services are also called gifts in kind.
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Noun
1. the recipient of funds or other benefits
(synonym) beneficiary
(hypernym) recipient, receiver
(hyponym) devisee

(n.)
The person to whom a gift or donation is made.
  

(n.)
Anciently, one to whom lands were given; in later use, one to whom lands and tenements are given in tail; in modern use, one on whom a power is conferred for execution; -- sometimes called the appointor.
  

Another word to describe the beneficiary of a trust. - (read more on Donee)