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diff --git a/docs/GOVERNANCE.md b/docs/GOVERNANCE.md
index d49358b95..81747179b 100644
--- a/docs/GOVERNANCE.md
+++ b/docs/GOVERNANCE.md
@@ -18,7 +18,8 @@ expects from us.
There is no legal entity. The curl project is just a bunch of people scattered
around the globe with the common goal to produce source code that creates
-great products.
+great products. We are not part of any umbrella organization and we are not
+located in any specific country. We are totally independent.
The copyrights in the project are owned by the individuals and organizations
that wrote those parts of the code.
@@ -36,6 +37,28 @@ If there is no obvious consensus, a maintainer who's knowledgeable in the
specific area will take an "executive" decision that they think is the right
for the project.
+## Donations
+
+Donating plain money to curl is best done to curl's [Open Collective
+fund](https://opencollective.com/curl). Open Collective is a US based
+non-profit organization that holds on to funds for us. This fund is then used
+for paying the curl security bug bounties, to reimburse project related
+expenses etc.
+
+Donations to the project can also come in form of server hosting, providing
+services and paying for people to work on curl related code etc. Usually, such
+donations are services paid for directly by the sponsors.
+
+We grade sponsors in a few different levels and if they meet the criterias,
+they can be mentioned on the Sponsors page on the curl web site.
+
+## Commercial Support
+
+The curl project does not do or offer commercial support. It only hosts
+mailing lists, runs bug trackers etc to facilitate communication and work.
+
+However, Daniel works for wolfSSL and we offer commercial curl support there.
+
## Key roles
### Maintainers
@@ -108,8 +131,8 @@ within the area of personal expertise and experience.
### Recommendations
-- please enable 2fa on your github account to reduce risk of malicious source
- code tampering
+- we require two-factor authentication enabled on your github account to
+ reduce risk of malicious source code tampering
- consider enabling signed git commits for additional verification of changes
### Merge advice