diff --git a/docs/community/3.12-announcement.md b/docs/community/3.12-announcement.md
new file mode 100644
index 000000000..60645b1ed
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+++ b/docs/community/3.12-announcement.md
@@ -0,0 +1,49 @@
+<style>
+.promo li a {
+    float: left;
+    width: 130px;
+    height: 20px;
+    text-align: center;
+    margin: 10px 30px;
+    padding: 150px 0 0 0;
+    background-position: 0 50%;
+    background-size: 130px auto;
+    background-repeat: no-repeat;
+    font-size: 120%;
+    color: black;
+}
+.promo li {
+    list-style: none;
+}
+</style>
+
+# Django REST framework 3.12
+
+...
+
+---
+
+## Funding
+
+REST framework is a *collaboratively funded project*. If you use
+REST framework commercially we strongly encourage you to invest in its
+continued development by **[signing up for a paid plan][funding]**.
+
+*Every single sign-up helps us make REST framework long-term financially sustainable.*
+
+<ul class="premium-promo promo">
+    <li><a href="https://getsentry.com/welcome/" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/sentry130.png)">Sentry</a></li>
+    <li><a href="https://getstream.io/try-the-api/?utm_source=drf&utm_medium=banner&utm_campaign=drf" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/stream-130.png)">Stream</a></li>
+    <li><a href="https://software.esg-usa.com" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/esg-new-logo.png)">ESG</a></li>
+    <li><a href="https://rollbar.com" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/rollbar2.png)">Rollbar</a></li>
+    <li><a href="https://cadre.com" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/cadre.png)">Cadre</a></li>
+    <li><a href="https://hubs.ly/H0f30Lf0" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/kloudless-plus-text.png)">Kloudless</a></li>
+    <li><a href="https://lightsonsoftware.com" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/lightson-dark.png)">Lights On Software</a></li>
+    <li><a href="https://retool.com/?utm_source=djangorest&utm_medium=sponsorship" style="background-image: url(https://fund-rest-framework.s3.amazonaws.com/retool-sidebar.png)">Retool</a></li>
+</ul>
+<div style="clear: both; padding-bottom: 20px;"></div>
+
+*Many thanks to all our [wonderful sponsors][sponsors], and in particular to our premium backers, [Sentry](https://getsentry.com/welcome/), [Stream](https://getstream.io/?utm_source=drf&utm_medium=banner&utm_campaign=drf), [ESG](https://software.esg-usa.com/), [Rollbar](https://rollbar.com/?utm_source=django&utm_medium=sponsorship&utm_campaign=freetrial), [Cadre](https://cadre.com), [Kloudless](https://hubs.ly/H0f30Lf0), [Lights On Software](https://lightsonsoftware.com), and [Retool](https://retool.com/?utm_source=djangorest&utm_medium=sponsorship).*
+
+[sponsors]: https://fund.django-rest-framework.org/topics/funding/#our-sponsors
+[funding]: funding.md
diff --git a/docs/community/release-notes.md b/docs/community/release-notes.md
index 0e634aa1e..28aa5e13e 100644
--- a/docs/community/release-notes.md
+++ b/docs/community/release-notes.md
@@ -40,7 +40,7 @@ You can determine your currently installed version using `pip show`:
 
 **Date**: 12th December 2019
 
-* Drop `.set_context` API [in favour of a `requires_context` marker](../3.11-announcement#validator-default-context).
+* Drop `.set_context` API [in favour of a `requires_context` marker](3.11-announcement.md#validator-default-context).
 * Changed default widget for TextField with choices to select box. [#6892][gh6892]
 * Supported nested writes on non-relational fields, such as JSONField. [#6916][gh6916]
 * Include request/response media types in OpenAPI schemas, based on configured parsers/renderers. [#6865][gh6865]
diff --git a/mkdocs.yml b/mkdocs.yml
index 484971a71..573898bca 100644
--- a/mkdocs.yml
+++ b/mkdocs.yml
@@ -66,6 +66,7 @@ nav:
      - 'Contributing to REST framework': 'community/contributing.md'
      - 'Project management': 'community/project-management.md'
      - 'Release Notes': 'community/release-notes.md'
+     - '3.12 Announcement': 'community/3.12-announcement.md'
      - '3.11 Announcement': 'community/3.11-announcement.md'
      - '3.10 Announcement': 'community/3.10-announcement.md'
      - '3.9 Announcement': 'community/3.9-announcement.md'