sponsoring
v.v. to provide money or support for an event, person, or organization, often in exchange for advertising. You might do this to help a charity or a sports team.
v. providing financial or material support for an event, person, or organization, often for commercial or charitable purposes. Present participle of 'sponsor'; functions as the head of a progressive verb phrase.
The local bank is sponsoring the school's football team this year.
Several major tech companies are sponsoring the conference, which allows the organizers to offer free tickets to students.
By sponsoring the arts festival, the corporation aims to improve its public image while gaining direct access to a demographic of high-net-worth individuals.
Transitive; requires a direct object representing the entity or event receiving support.
They are sponsoring for the event.They are sponsoring the event.Sponsor is a transitive verb and does not require the preposition 'for' before its object.