diff --git a/Nodejs-GitHub-Sponsors.md b/Nodejs-GitHub-Sponsors.md
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+# Node.js GitHub sponsors
+
+The project has enabled GitHub sponsors in order to to accept
+sponsorships. Currently there is only a single one time tier which is
+called "sponsor" and one monthly tier which is called "monthly-sponsor"
+with no specific rewards.
+
+The funds are to be used for specific efforts as decided by the TSC and
+documented on this page.
+
+## Account details
+
+The [account](tbd) is manged by the TSC. The user id and password
+are shared with TSC members through 1password. All payments for
+sponsorships received will be made to the OpenJS Foundation who has
+agreed to manage the funds that are received on behalf of the project.
+
+## Disbursements - management
+
+Potential disbursements will be agreed through TSC discussion
+and before approval, documented in a PR in the
+[TSC repository](https://github.com/nodejs/TSC) which adds
+the intended use and funding envelope to this page. The disbursement
+is considered approved once TSC consensus in the PR has
+been reached.
+
+When work is complete for an approved disbursement, a request will be
+made by the TSC to the OpenJS foundation to pay the person chosen by
+the TSC to do the work.
+
+## Disbursements approved
+
+| Intended use                             | funding envelope   | paid         |
+|------------------------------------------|--------------------|--------------|
+|                                          |                    |              |
diff --git a/Nodejs-Open-Collective.md b/Nodejs-Open-Collective.md
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+# Node.js Open Collective
+
+The project maintains an Open Collective that is used to accept donations.
+
+The funds are to be used for specific efforts as decided by the TSC and
+documented on this page.
+
+## Account details
+
+The [account](tbd) is manged by the TSC. The user id and password
+are shared with TSC members through 1password.
+
+## Disbursements - management
+
+Potential disbursements will be agreed through TSC discussion
+and before approval, documented in an PR in the
+[TSC repository](https://github.com/nodejs/TSC) which adds
+the intended use and funding envelope to this page. The disbursement
+is considered approved once TSC consensus in the PR has
+been reached.
+
+Once work has been completed the recipient will open
+a request through open collective in the amout approved.
+
+The Chair of the Technical Steering committee will then
+"push the required buttons" in the Open collective account
+to initiate the payout in accordance with the agreement reached in the
+TSC PR and if possible include a reference to the PR 
+in the TSC repository adding the intended use and funding
+envelope to this page.
+
+## Disbursements approved
+
+| Intended use                             | funding envelop   | paid          |
+|------------------------------------------|-------------------| --------------|
+|                                          |                   |               |