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SPONSOR definition: 1. (of a business or other organization) to pay for someone to do something or for something to…. Learn more. SPONSORSHIP definition: 1. money that is given, usually by a company, to support a person, organization or activity: 2…. Learn more. Learn the meaning and usage of the word sponsor in different contexts, such as business, politics, religion, and charity. Find synonyms, translations, and related terms for sponsor in various dictionaries and thesauri. A sponsor provides support for someone or something, typically by supplying cash. Because your company is a sponsor for a homeless organization, they provide funding for the annual 5K run to raise money for the shelter.