diff --git a/schema/project.json b/schema/project.json
index a9b04c128..c502abcee 100644
--- a/schema/project.json
+++ b/schema/project.json
@@ -24,6 +24,36 @@
         }
       },
       "additionalProperties": false
+    },
+    "sponsor": {
+      "type": "object",
+      "title": "Sponsor",
+      "description": "A project sponsor.",
+      "required": [
+        "name",
+        "url"
+      ],
+      "properties": {
+        "description": {
+          "type": "string",
+          "description": "A brief description of the sponsor."
+        },
+        "logo": {
+          "type": "string",
+          "description": "The URL of the sponsor's logo.",
+          "format": "uri"
+        },
+        "name": {
+          "type": "string",
+          "description": "The name of the sponsor or organization."
+        },
+        "url": {
+          "type": "string",
+          "description": "The URL of the sponsor.",
+          "format": "uri"
+        }
+      },
+      "additionalProperties": false
     }
   },
 
@@ -92,6 +122,14 @@
       "description": "The project pitch.",
       "type": "string"
     },
+    "sponsors": {
+      "description": "Sponsors of the project.",
+      "type": "array",
+      "items": {
+        "$ref": "#/$defs/sponsor"
+      },
+      "minItems": 1
+    },
     "tags": {
       "description": "Tags for the project",
       "type": "array",
diff --git a/schema/tests/data/project/negative/sponsors-empty-list.yaml b/schema/tests/data/project/negative/sponsors-empty-list.yaml
new file mode 100644
index 000000000..af9e922ef
--- /dev/null
+++ b/schema/tests/data/project/negative/sponsors-empty-list.yaml
@@ -0,0 +1,15 @@
+audience: breaker
+leaders:
+  - github: leader-1-github
+    name: Leader 1 Name
+  - github: leader-2-github
+    name: Leader 2 Name
+level: 2
+name: OWASP Incubator Code Project
+pitch: A very brief, one-line description of your project
+tags:
+  - example-tag-1
+  - example-tag-2
+  - example-tag-3
+type: code
+sponsors: []
diff --git a/schema/tests/data/project/negative/sponsors-name-missing.yaml b/schema/tests/data/project/negative/sponsors-name-missing.yaml
new file mode 100644
index 000000000..ba2980fb5
--- /dev/null
+++ b/schema/tests/data/project/negative/sponsors-name-missing.yaml
@@ -0,0 +1,18 @@
+audience: breaker
+leaders:
+  - github: leader-name-1
+    name: Leader Name 1
+  - github: leader-name-2
+    name: Leader Name 2
+level: 2
+name: OWASP Incubator Code Project
+pitch: A very brief, one-line description of your project
+tags:
+  - example-tag-1
+  - example-tag-2
+  - example-tag-3
+type: code
+sponsors:
+  - description: A great sponsor
+    logo: https://sponsor1.com/logo.png
+    url: https://sponsor1.com
diff --git a/schema/tests/data/project/negative/sponsors-url-missing.yaml b/schema/tests/data/project/negative/sponsors-url-missing.yaml
new file mode 100644
index 000000000..3d21bf5af
--- /dev/null
+++ b/schema/tests/data/project/negative/sponsors-url-missing.yaml
@@ -0,0 +1,18 @@
+audience: breaker
+leaders:
+  - github: leader-1-github
+    name: Leader 1 Name
+  - github: leader-2-github
+    name: Leader 2 Name
+level: 2
+name: OWASP Incubator Code Project
+pitch: A very brief, one-line description of your project
+tags:
+  - example-tag-1
+  - example-tag-2
+  - example-tag-3
+type: code
+sponsors:
+  - description: A great sponsor
+    logo: https://sponsor1.com/logo.png
+    name: Sponsor 1
diff --git a/schema/tests/data/project/positive/required-properties.yaml b/schema/tests/data/project/positive/required-properties.yaml
index ddc7a5aee..b6bfa0875 100644
--- a/schema/tests/data/project/positive/required-properties.yaml
+++ b/schema/tests/data/project/positive/required-properties.yaml
@@ -8,6 +8,11 @@ leaders:
 level: 2
 name: OWASP Incubator Code Project
 pitch: A very brief, one-line description of your project
+sponsors:
+  - description: Sponsor 1 description
+    logo: https://sponsor1.com/logo.png
+    name: Sponsor 1
+    url: https://sponsor1.com
 tags:
   - example-tag-1
   - example-tag-2
diff --git a/schema/tests/project_test.py b/schema/tests/project_test.py
index 963013ea6..696f66aa1 100644
--- a/schema/tests/project_test.py
+++ b/schema/tests/project_test.py
@@ -36,6 +36,9 @@ def test_positive(project_schema):
         ),
         ("name-empty.yaml", "'' is too short"),
         ("name-none.yaml", "None is not of type 'string'"),
+        ("sponsors-empty-list.yaml", "[] should be non-empty"),
+        ("sponsors-name-missing.yaml", "'name' is a required property"),
+        ("sponsors-url-missing.yaml", "'url' is a required property"),
     ],
 )
 def test_negative(project_schema, file_path, error_message):