The Collaborative International Dictionary of English v.0.48:

Bestowment \Be*stow"ment\, n.
   1. The act of giving or bestowing; a conferring or bestowal.
      [1913 Webster]

            If we consider this bestowment of gifts in this
            view.                                 --Chauncy.
      [1913 Webster]

   2. That which is given or bestowed.
      [1913 Webster]

            They almost refuse to give due praise and credit to
            God's own bestowments.                --I. Taylor.
      [1913 Webster]

WordNet (r) 3.0 (2006):

bestowment
    n 1: a gift that is bestowed or conferred [syn: bestowal,
         bestowment]
    2: the act of conferring an honor or presenting a gift [syn:
       bestowal, bestowment, conferral, conferment]