privatesponsorship
nounUK /ˈpraɪvət ˈspɒnsəʃɪp/
US /ˈpraɪvət ˈspɑːnsərʃɪp/
Private sponsorship is when a person or company, not the government, gives money to help something happen.
The community center was built through private sponsorship from local businesses.
RELATED WORDS
OTHER MEANINGS
2. A program where private citizens or groups pay to support a refugee or family coming to their country.
They joined a private sponsorship program to help a refugee family settle in their town.
3. Money given by a company to pay for an event or team in exchange for advertising.
The marathon relied on private sponsorship to cover its costs.
4. Support for an individual, such as an athlete or artist, provided by a wealthy person rather than an institution.
The young painter's career began with private sponsorship from a local collector.