Definition, synonyms and related words
simple past tense and past participle of sponsor
"The charity event was sponsored by a local tech company last year to raise funds for new computers."
In plain English: To sponsor something means to pay for it or support it financially so that others can use it.
"The local charity sponsored the school's annual sports day."
Derived from Latin sponsor (one who stands surety), it originally referred to someone who guarantees another's debt or obligation. The modern sense of providing financial support developed later in English usage.