Conferral, endowment (8)
I believe the answer is:
bestowal
I believe this clue is a double definition.
'conferral' is the first definition.
(synonyms)
'endowment' is the second definition.
(thesaurus)
(Other definitions for bestowal that I've seen before include "Act of giving" , "disposal" , "award" , "presentation" , "Act of conferring (eg, grant on someone)" .)