The SPFL and SPFL Trust have renewed the deal, which benefits clubs and community trusts, for season 2023/24.
The partnership was first agreed during the Covid pandemic in 2020, when philanthropist James Anderson and fellow SPFL Trust benefactors announced a vital £252,000 payout to support clubs as part of its sponsorship of the competition.
That sponsorship will now continue for a third-consecutive season, with Anderson once again backing the SPFL Trust Trophy.
Neil Doncaster, SPFL chief executive, said: “We’re really pleased to continue our excellent working relationship with the SPFL Trust.
“The SPFL Trust are a great fit as sponsor for the competition, which continues to go from strength to strength.
“The work they do across the country, in partnership with our member clubs, is hugely impressive, and we’re looking forward to building on our partnership next season.”
Nicky Reid, SPFL Trust CEO, added: "We are delighted to continue our sponsorship of the SPFL Trust Trophy for another season.
"The competition has given us an invaluable platform to engage with communities across Scotland that we serve through our network of associated trusts and clubs.
"As our life-changing programmes continue to evolve, we can't wait to see how our relationship with the SPFL grows alongside it."
The new deal announcement comes ahead of the competition’s final later this month involving Raith Rovers and Hamilton Academical, taking place at the Falkirk Stadium on Sunday 26 March.
The match will see Raith Rovers aim to lift the trophy for an incredible third consecutive tournament in the 4.15pm kick-off, which can be watched live on BBC ALBA.
The club last year defeated Queen of the South 3-1 in the final at Airdrie’s Excelsior Stadium, and previously shared the 2019/20 trophy with Inverness Caledonian Thistle after the pandemic led to the postponement of their final.
A Hamilton Academical victory would mark the 30th anniversary of the last time they won the trophy in 1992/93, when they defeated Greenock Morton 3-2 in the final.