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sponsorship

[ spon-ser-ship ]
/ ˈspɒn sər ʃɪp /
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noun
the position or function of a person or group who vouches for, supports, advises, or helps fund another person or an organization or project: The money from your sponsorship will go towards paying the child's school fees and ensuring they get three meals a day.
an arrangement under which a company helps fund a radio or television program, a convention or other event, or a charitable organization in return for an opportunity to advertise: For health-based nonprofits, securing a sponsorship from a pharmaceutical company can be a great asset, because of the money and other support it provides.
Christianity. the position or function of a person who promises to mentor a youth or new convert preparing for confirmation or initiation, or who answers for an infant at baptism: A simple “I’m praying for you” text message to the candidate can be a powerful reminder that you take your sponsorship seriously.
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Origin of sponsorship

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use sponsorship in a sentence

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