[ben-uh-fak-shuhn, ben-uh-fak-]
an act of conferring a benefit; the doing of good; a good deed: He is known throughout the region for his many benefactions.
the benefit conferred; charitable donation: to solicit benefactions for earthquake victims.

1655–65; < Late Latin benefactiōn- (stem of benefactiō), equivalent to Latin bene bene- + fact(us) done (see fact) + -iōn- -ion Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
benefaction (ˌbɛnɪˈfækʃən)
1.  the act of doing good, esp by giving a donation to charity
2.  the donation or help given
[C17: from Late Latin benefactiō, from Latin bene well + facere to do]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Most of the rest of the money is from the benefaction of corporate interests looking to turn research into dollars.
Here through long years she endeared herself to all with whom she come in contact, and made her life a benefaction to many.
Once satisfied that the gift would not be wasted, there were no limits to his benefaction.
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