GitHub Sponsors offers a structured approach for individuals and organizations to receive funding for open source work, providing guidance on signing up and managing sponsorships. Individuals with a GitHub account can apply to become sponsored developers, sharing details about their open source contributions to determine eligibility for the GitHub Sponsors Matching Fund. Organizations with or without a bank account can also register for sponsorships, with the latter needing a fiscal host like Open Source Collective. The guide explains how to display sponsorship profiles and external funding options on project repositories using a FUNDING.yml file, making it easier to receive financial support. It also addresses the responsibility of sponsored developers to handle their own taxes, as GitHub does not deduct taxes from sponsorship payments. Additionally, it outlines how to credit other team members by updating the FUNDING.yml file to include their profiles, enabling collaborative acknowledgment.