bestowment

1. The act of giving or bestowing; a conferring or bestowal.

If we consider this bestowment of gifts in this view.

2. That which is given or bestowed.

They almost refuse to give due praise and credit to God's own bestowments.

noun

The act of conferring, as of an honor: accordance, bestowal, conference, conferment, conferral, grant, presentation. See give/take/reciprocity.

The noun has 2 meanings:

Meaning #1: a gift that is bestowed or conferred
  Synonym: bestowal

Meaning #2: the act of conferring an honor or presenting a gift
  Synonyms: bestowal, conferral, conferment