betterment

[bet-er-muhnt]
noun
1.
the act or process of bettering; improvement.
2.
an improvement of property other than by mere repairs.

Origin:
1590–1600; better1 + -ment

self-betterment, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
betterment (ˈbɛtəmənt)
 
n
1.  a change for the better; improvement
2.  property law an improvement effected on real property that enhances the value of the property

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

betterment
1590s, from better + -ment.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
He is not out only for himself but for others as well as the betterment of his
  university.
But business education is fundamentally about personal betterment.
She was a tireless fighter for civic betterment in many areas of her beloved
  city's life.
Island people are taking back control of their oceans for the betterment of all.
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