Are you familiar with the character "Robin Hood"? He stole from the rich and gave to the poor.
See here: http://en.wikipedia.org/wiki/Robin_Hood
In Chinese culture, there is a saying "steal from the rich to sponsor the poor"(my translation of that but could have problems) to describe a certain group of people.
Is there something similar to that in English culture? Or how would you paraphrase that? Is the word "sponsor" used properly here?
Give suffices, and I wouldn't use sponsor unless the person is doing something like sponsoring a team with the money.
That would work too, though gave is standard in English because of Robin Hood.