sponsor
/ˈspɑn.sɔr/Definitions
1. noun
A person or organization that supports or finances an event, activity, or product, often in exchange for advertising or promotion.
“The company was the main sponsor of the charity run.”
2. verb
To provide financial support or funding for an event, activity, or product.
“The city will sponsor the new arts program for underprivileged children.”
3. verb
To support or advocate for a particular cause or product.
“The celebrity will sponsor a charity campaign to raise awareness for environmental issues.”
4. verb
To officially recognize or declare something as something else.
“The new law will sponsor the creation of a new national holiday.”