set aside vs alter

set aside and alter both are verbs.

Word	Noun	Adjective	Verb	Adverb
set aside	No	No	Yes	No
alter	No	No	Yes	No

As verbs, alter is a hypernym of set aside; that is, alter is a word with a broader meaning than set aside:

Other hypernyms of set aside include change, modify.

set aside (verb)	alter (verb)
make inoperative or stop	remove the ovaries of
give or assign a resource to a particular person or cause	become different in some particular way, without permanently losing one's or its former characteristics or essence
annul (a legal decision)	cause to change; make different; cause a transformation
	insert words into texts, often falsifying it thereby
	make an alteration to