diff --git a/repos/rust-lang/funding-private.toml b/repos/rust-lang/funding-private.toml
index 633880ab2..7d0d737ba 100644
--- a/repos/rust-lang/funding-private.toml
+++ b/repos/rust-lang/funding-private.toml
@@ -5,5 +5,5 @@ bots = []
 private-non-synced = true
 
 [access.teams]
-rfmf-design-committee = "write"
+funding = "write"
 leadership-council = "write"
diff --git a/teams/rfmf-design-committee.toml b/teams/archive/rfmf-design-committee.toml
similarity index 92%
rename from teams/rfmf-design-committee.toml
rename to teams/archive/rfmf-design-committee.toml
index 4d78c4d1a..bf337e6d7 100644
--- a/teams/rfmf-design-committee.toml
+++ b/teams/archive/rfmf-design-committee.toml
@@ -3,7 +3,8 @@ kind = "marker-team"
 
 [people]
 leads = []
-members = [
+members = []
+alumni = [
     "joshtriplett",
     "Kobzol",
     "lcnr",
@@ -11,7 +12,6 @@ members = [
     "nikomatsakis",
     "tmandry",
 ]
-alumni = []
 
 [[github]]
 orgs = ["rust-lang"]
diff --git a/teams/funding.toml b/teams/funding.toml
new file mode 100644
index 000000000..cc6bd7acc
--- /dev/null
+++ b/teams/funding.toml
@@ -0,0 +1,37 @@
+name = "funding"
+subteam-of = "launching-pad"
+
+[website]
+name = "Funding team"
+description = "Helping to get Rust maintainers funded"
+email = "funding@rust-lang.org"
+zulip-stream = "funding"
+repo = "https://github.com/rust-lang/rust-project-goals"
+
+[people]
+leads = [
+    "nikomatsakis",
+    "LoriLorusso",
+]
+members = [
+    "Kobzol",
+    "LoriLorusso",
+    "nikomatsakis",
+    "PLeVasseur",
+]
+alumni = []
+
+[[github]]
+team-name = "funding"
+orgs = ["rust-lang"]
+
+[[zulip-groups]]
+name = "T-funding"
+
+[[lists]]
+address = "funding@rust-lang.org"
+
+[rfcbot]
+label = "T-funding"
+name = "Funding"
+ping = "rust-lang/funding"