Exalt

exalt [ ig-ZAWLT ]
[ transitive verb ]

MEANING :
1. to elevate or raise in rank
2. to honour or glorify
3. to stimulate

USAGE EXAMPLE 1 :
The moral of the story was that the humble would be exalted and praised by all.

USAGE EXAMPLE 2 :
Unlike the House of Commons, where the governing minister is part of the parliamentary body, in America, the President represents both the government and something more exalted.