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Bestowment

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be·stow  (b-st)
tr.v. be·stowed, be·stow·ing, be·stows
1. To present as a gift or an honor; confer: bestowed high praise on the winners.
2. To apply; use: "On Hester Prynne's story . . . I bestowed much thought" Nathaniel Hawthorne.
3. To place or stow: "He bestowed [the money]in his pockets with feigned composure" James Joyce.
4. To store or house.

[Middle English bistowen : bi-, be- + stowen, to place; see stow.]

be·stowa·ble adj.
be·stowal, be·stowment n.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bestowment - a gift that is bestowed or conferred
gift - something acquired without compensation
2.bestowment - the act of conferring an honor or presenting a gift
giving, gift - the act of giving

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The company's efforts has been previously acknowledged at the highest level in Fiji, in addition to the current bestowment of the Secretary of State's Award.
UPSIDE magazine has a proven track record of discovering successful companies while in their start-up stage through the bestowment of the Hot 100 Award," said Ron Bianchini, Spinnaker Networks' President and CEO.
 
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