To bestow means to present as a gift or honor; to confer something of value or importance upon someone.
It often implies a formal or ceremonious act, and the thing given can be tangible, like an award or title, or intangible, like a blessing or quality.
The act of bestowing suggests a generosity on the part of the giver and an acknowledgement of worthiness on the part of the recipient.
ADD
GIVE LEND
ENDOW BRING AWARD GRANT ENDUE ALLOT
IMPART CONFER DONATE
PRESENT
BEQUEATH
VOUCHSAFE
CONTRIBUTE