What is define sponsor?

A sponsor is a person or organization that provides financial or other support to an individual, group or event. The support can take many forms, including funding, resources, expertise, or promotion. In return, the sponsor may receive brand exposure, advertising, or other forms of recognition. Sponsors are commonly associated with sports teams, cultural events, and charitable organizations, but also can be found in other fields and industries. A sponsor's involvement is typically based on a mutual benefit and agreement between the sponsor and the sponsored party.