diff --git a/Nodejs-GitHub-Sponsors.md b/Nodejs-Funding-Sources.md
similarity index 78%
rename from Nodejs-GitHub-Sponsors.md
rename to Nodejs-Funding-Sources.md
index 5187844b..e97e64b3 100644
--- a/Nodejs-GitHub-Sponsors.md
+++ b/Nodejs-Funding-Sources.md
@@ -1,16 +1,14 @@
-# Node.js GitHub sponsors
+# Node.js Funding Sources
 
-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 project has enabled GitHub sponsors and an Open Collective
+in order to to accept sponsorships.
 
 The funds are to be used for specific efforts as decided by the TSC and
 documented on this page.
 
 ## Account details
 
-The account is manged by the TSC. The user id and password
+The accounts are manged by the TSC. The user ids and passwords
 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.
diff --git a/Nodejs-Open-Collective.md b/Nodejs-Open-Collective.md
deleted file mode 100644
index 700560c6..00000000
--- a/Nodejs-Open-Collective.md
+++ /dev/null
@@ -1,36 +0,0 @@
-# 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 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 if there's no objections from a project member
-in 72 hours, and consensus has been reached in the TSC. Objections can be
-overridden with a TSC vote.
-
-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         |
-|------------------------------------------|-------------------|--------------|