Sponsor
Sponsor
Service learning
Sponsorship may be an arrangement to exchange advertising for the responsibility of funding a popular event or entity. For example, a corporate entity may provide equipment for a famous Athlete or sports team in exchange for brand recognition. The sponsor earns popularity this way while the sponsored can save a lot of money. This type of sponsorship is prominent in sports and Television. Many companies want their logo on sponsored equipment in return. Formula One teams, for example, have heavily relied on the income from Tobacco advertising.
People may sponsor an individual or group of people to undertake a fundraising task, usually for a Charity or other cause requiring funding.