sponsorsponsorsponsorssponsoredsponsoring2verb (sponsors, sponsoring, sponsored)1to give money so that an event will take place: The local football team were sponsored by a large firm.2to agree to pay money to a charity if somebody else completes a particular activity: a sponsored walk to raise money for children in needsponsorsponsorsponsors1noun1a person or a company that gives money so that an event will take place: The race organizers are trying to attract sponsors.2a person who agrees to pay money to a charity if somebody else completes a particular activity: I need sponsors for a bike ride to Brighton in aid of Cancer Research.