Answer:
“Sponsor” is a party or entity that provides financial support, material, or other resources to an event, project, or individual with the aim of promoting or supporting the activity. Sponsors can be companies, organizations, or individuals who want to benefit from the association with the sponsored event or project. Sponsors usually contribute in the form of money, goods, or services with the hope of gaining public exposure or other benefits from the association with the sponsored event or project. The contextual clue that helped me understand this is my web search for “meaning of sponsor”.