Bestow (verb)

1. To give or present as a gift or award.
2. To confer or grant a title, honor, or privilege.
3. To place or assign in a particular position or role.

Origin:

The word bestow is derived from the middle english word "bestowen" which comes from the old english word "bestēowian" which means to give as a gift or to grant.

Examples:

1. The king bestowed the title of duke upon his loyal subject.
2. The school bestowed the award for outstanding achievement to the valedictorian.
3. The company bestowed the promotion on the most deserving candidate.
4. The teacher bestowed extra credit on the student for completing additional work.
5. The organization bestowed the honor of a lifetime achievement award on the retired CEO.