sponsor
n. countablen. a person or company that pays for a show, sports event, or project. In return, they usually get to advertise their name or products.
n. a person or organisation that provides funds for a project or activity in exchange for recognition or advertising rights. Often used in commercial, charitable, or legal contexts.
The local bank is the main sponsor for the football team.
The tech company acted as a lead sponsor for the conference, providing the funding for the venue and catering.
Securing a corporate sponsor was essential for the gallery's survival, as public funding had been drastically reduced over the previous fiscal year.
Learned borrowing from Latin spōnsor (“a surety", in Late Latin "a sponsor in baptism”).
Commonly takes the preposition 'of' or 'for' when identifying the relationship to the event or person.