diff --git a/django_tables2/columns/templatecolumn.py b/django_tables2/columns/templatecolumn.py
index ddddc24a..2bb9f69b 100644
--- a/django_tables2/columns/templatecolumn.py
+++ b/django_tables2/columns/templatecolumn.py
@@ -2,6 +2,7 @@
 from django.template.loader import get_template
 from django.utils.html import strip_tags
 
+from ..utils import call_with_appropriate
 from .base import Column, library
 
 
@@ -14,7 +15,9 @@ class TemplateColumn(Column):
     Arguments:
         template_code (str): template code to render
         template_name (str): name of the template to render
-        extra_context (dict): optional extra template context
+        context_object_name (str): name of the context variable to pas the record in, defaults to "record".
+        extra_context (dict): optional extra template context. If a callable is passed, it will be called with
+            optional record, table, value, bound_column arguments.
 
     A `~django.template.Template` object is created from the
     *template_code* or *template_name* and rendered with a context containing:
@@ -40,11 +43,19 @@ class ExampleTable(tables.Table):
 
     empty_values = ()
 
-    def __init__(self, template_code=None, template_name=None, extra_context=None, **extra):
+    def __init__(
+        self,
+        template_code=None,
+        template_name=None,
+        context_object_name="record",
+        extra_context=None,
+        **extra
+    ):
         super().__init__(**extra)
         self.template_code = template_code
         self.template_name = template_name
         self.extra_context = extra_context or {}
+        self.context_object_name = context_object_name
 
         if not self.template_code and not self.template_name:
             raise ValueError("A template must be provided")
@@ -56,11 +67,18 @@ def render(self, record, table, value, bound_column, **kwargs):
         additional_context = {
             "default": bound_column.default,
             "column": bound_column,
-            "record": record,
+            self.context_object_name: record,
             "value": value,
             "row_counter": kwargs["bound_row"].row_counter,
         }
-        additional_context.update(self.extra_context)
+
+        extra_context = self.extra_context
+        if callable(extra_context):
+            extra_context = call_with_appropriate(
+                extra_context,
+                {"record": record, "table": table, "value": value, "bound_column": bound_column},
+            )
+        additional_context.update(extra_context)
         with context.update(additional_context):
             if self.template_code:
                 return Template(self.template_code).render(context)
diff --git a/tests/columns/test_templatecolumn.py b/tests/columns/test_templatecolumn.py
index 643ab3cb..414fead7 100644
--- a/tests/columns/test_templatecolumn.py
+++ b/tests/columns/test_templatecolumn.py
@@ -115,3 +115,19 @@ class Table(tables.Table):
         table = Table([{"track": "Space Oddity"}])
 
         self.assertEqual(list(table.as_values()), [["Track"], ["Space Oddity"]])
+
+    def test_context_object_name(self):
+        class Table(tables.Table):
+            name = tables.TemplateColumn("{{ user.name }}", context_object_name="user")
+
+        table = Table([{"name": "Bob"}])
+        self.assertEqual(list(table.as_values()), [["Name"], ["Bob"]])
+
+    def test_extra_context_callable(self):
+        class Table(tables.Table):
+            size = tables.TemplateColumn(
+                "{{ size }}", extra_context=lambda record: {"size": record["clothes"]["size"]}
+            )
+
+        table = Table([{"clothes": {"size": "XL"}}])
+        self.assertEqual(list(table.as_values()), [["Size"], ["XL"]])