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funder

B1

Pronunciation

UK

  • /fˈʌndə/

US

  • /ˈfəndər/

Description

A funder is a person or organization that provides money for a specific purpose, often to support a project, group, or plan. Sometimes the money is given with no wish for profit, as with a grant or donation. Other times, it is provided as an investment, with the hope of getting money back later. You might hear about funders when charities look for support, startups raise capital, or artists apply for grants. A funder can be a government agency, a private foundation, a business, or an individual.

Imagine a small theater group putting on a play. They need money for costumes, sets, and advertising. The people or organizations that provide that money are the funders. They are the ones who help make the show possible.

Examples

  1. 1

    Project support

    The project went ahead after a local charity agreed to be its main funder.

  2. 2

    Reporting

    The funder asked for a short report at the end of the year.

  3. 3

    Museum program

    The museum is looking for new funders for its education program.

  4. 4

    Medical research

    The foundation is one of the largest funders of medical research in Europe.

  5. 5

    Startup funding

    If the startup loses its biggest funder, it may have to cut staff.

Forms and spellings

1 form open this card.

Main spelling

  • funder