The owners also sponsor along with their employees local sports and activities.
That does not include fees paid to sponsor sports and cultural events.
But it ran into trouble three years ago when legislation banned tobacco companies from sponsoring sports and cultural events.
Effective 22 June 2010, the new regulations prohibit tobacco companies from sponsoring sports, music, and other cultural events.
There were also some complaints that while one school might sponsor fewer sports than another, the value of its grants-in-aid may be much greater.
Men's gymnastics is no longer a sport sponsored by Iowa State.
Additionally, corporations which sponsor recreational or competitive sports may employ an athletic director.
He proposed one, that in the future factories and businesses that sponsor sports clubs might increase their financial support.
Beer companies spend millions of dollars each year to sponsor sports and cultural events tied to the brand names of their products.
Women's sports sponsored are basketball, cross country, golf, soccer, softball, tennis, and volleyball.
