General:
* Exalting
* Magnifying
* Elevating
* Honoring
* Celebrating
* Praising
* Adoring
* Idealizing
* Extolling
More specific:
* Deifying (making someone or something divine)
* Canonizing (officially recognizing someone as a saint)
* Immortalizing (making someone or something famous or remembered forever)
* Sanctifying (making something holy or sacred)
* Embellishing (making something more beautiful or impressive)
The best synonym will depend on the specific situation and the intended meaning.