sponsor (n.) Look up sponsor at Dictionary.com
1650s, from Late Latin sponsor "sponsor in baptism," in Latin "a surety, guarantee, bondsman," from sponsus, past participle of spondere "give assurance, promise solemnly" (see spondee). Sense of "person who pays for a radio (or, after 1947, TV) program" is first recorded 1931.
sponsor (v.) Look up sponsor at Dictionary.com
1884, "to favor or support," from sponsor (n.). Commercial broadcasting sense is from 1931. Related: Sponsored; sponsoring.