diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 0d6e03000ab9..d4b097e7ef60 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -121,10 +121,10 @@ code and discussion), Google Docs, and Discord.
#### Future CLA plans
-At present, we are using Google's CLA. In the future, we expect the Carbon
-ownership and IP to formally transfer from Google to a Carbon-specific
-foundation or other neutral third-party. When that happens, the foundation will
-take ownership of providing a CLA.
+Initially, Carbon is bootstrapping using Google's CLA. We are planning to create
+an open source foundation and transfer all Carbon-related rights to it; our goal
+is for the foundation setup to be similar to other open source projects, such as
+LLVM or Kubernetes.
### Collaboration systems
diff --git a/README.md b/README.md
index 100403d2afea..de2216d7c18d 100644
--- a/README.md
+++ b/README.md
@@ -285,6 +285,7 @@ Learn more about the Carbon project:
- [Project goals](/docs/project/goals.md)
- [Language design overview](/docs/design)
- [Carbon Explorer](/explorer)
+- [FAQ](/docs/project/faq.md)
## Join us
diff --git a/docs/project/faq.md b/docs/project/faq.md
new file mode 100644
index 000000000000..9063dfe2f7d6
--- /dev/null
+++ b/docs/project/faq.md
@@ -0,0 +1,436 @@
+# Project FAQ
+
+
+
+
+
+## Table of contents
+
+- [What is Carbon?](#what-is-carbon)
+- [What is Carbon's status?](#what-is-carbons-status)
+ - [How soon can we use Carbon?](#how-soon-can-we-use-carbon)
+ - [Why make Carbon public while it's still an experiment?](#why-make-carbon-public-while-its-still-an-experiment)
+ - [How complete is Carbon's design?](#how-complete-is-carbons-design)
+ - [How many people are involved in Carbon?](#how-many-people-are-involved-in-carbon)
+ - [Is there a demo?](#is-there-a-demo)
+- [Why build Carbon?](#why-build-carbon)
+ - [Why is performance critical?](#why-is-performance-critical)
+ - [What level of C++ interoperability is expected?](#what-level-of-c-interoperability-is-expected)
+ - [What would migrating C++ code to Carbon look like?](#what-would-migrating-c-code-to-carbon-look-like)
+- [What alternatives did you consider? Why did they not work?](#what-alternatives-did-you-consider-why-did-they-not-work)
+ - [Why not improve C++?](#why-not-improve-c)
+ - [Why not fork C++?](#why-not-fork-c)
+ - [Why not Rust?](#why-not-rust)
+ - [If you can use Rust, ignore Carbon](#if-you-can-use-rust-ignore-carbon)
+ - [Why is adopting Rust difficult for C++ codebases?](#why-is-adopting-rust-difficult-for-c-codebases)
+ - [Why not a garbage collected language, like Java, Kotlin, or Go?](#why-not-a-garbage-collected-language-like-java-kotlin-or-go)
+- [How will Carbon work?](#how-will-carbon-work)
+ - [What compiler infrastructure is Carbon using?](#what-compiler-infrastructure-is-carbon-using)
+ - [How will Carbon's bidirectional C++ interoperability work?](#how-will-carbons-bidirectional-c-interoperability-work)
+ - [How do Carbon generics differ from templates?](#how-do-carbon-generics-differ-from-templates)
+ - [What is Carbon's memory model?](#what-is-carbons-memory-model)
+ - [How will Carbon achieve memory safety?](#how-will-carbon-achieve-memory-safety)
+- [How will the Carbon _project_ work?](#how-will-the-carbon-_project_-work)
+ - [Where does development occur?](#where-does-development-occur)
+ - [How does Carbon make decisions?](#how-does-carbon-make-decisions)
+ - [What happens when a decision was wrong?](#what-happens-when-a-decision-was-wrong)
+ - [What license does Carbon use?](#what-license-does-carbon-use)
+ - [Why make Carbon open source?](#why-make-carbon-open-source)
+ - [Why does Carbon have a CLA?](#why-does-carbon-have-a-cla)
+ - [Who pays for Carbon's infrastructure?](#who-pays-for-carbons-infrastructure)
+
+
+
+## What is Carbon?
+
+The [Carbon Language](/README.md) is an experimental successor to C++. It is an
+effort to explore a possible future direction for the C++ language given the
+[difficulties improving C++](difficulties_improving_cpp.md).
+
+## What is Carbon's status?
+
+[Carbon is still an experiment.](/README.md#project-status) There remain
+significant open questions that we need to answer before the project can
+consider becoming a production effort. For now, we're focused on exploring this
+direction and gaining information to begin answering these questions.
+
+- [Project status](/README.md#project-status)
+- [Roadmap](roadmap.md)
+
+### How soon can we use Carbon?
+
+Carbon is still years away — even if the experiment succeeds, it's unlikely that
+it will be ready for serious or production use in the next few years. Everything
+here is part of a long-term investigation.
+
+### Why make Carbon public while it's still an experiment?
+
+One of the critical questions we need to answer as part of this experiment is
+whether the direction we're exploring with Carbon has both broad and significant
+interest for the industry at large. We feel like this is best answered by
+developing the language openly, publicly, and with broad participation.
+
+### How complete is Carbon's design?
+
+We've resolved several of the most challenging language design technical
+decisions we anticipated based on experience with C++ and its constraints,
+particularly around generics and inheritance. Beyond those two areas, we have
+initial designs for class types, inheritance, operator overloading, syntactic
+and lexical structure, and modular code organization. We are aiming to complete
+the initial 0.1 language design around the end of 2022 although there are a
+large number of variables in that timeline. See our [roadmap](roadmap.md) for
+details.
+
+References:
+
+- [Carbon design overview](/docs/design/README.md)
+- [How do Carbon generics differ from templates?](#how-do-carbon-generics-differ-from-templates)
+- [Roadmap](roadmap.md)
+
+### How many people are involved in Carbon?
+
+Prior to going public, Carbon has had a couple dozen people involved.
+[GitHub Insights](https://github.com/carbon-language/carbon-lang/pulse/monthly)
+provides activity metrics.
+
+### Is there a demo?
+
+Yes! A prototype interpreter demo `explorer` can be used to execute simple
+examples. For example:
+
+```
+$ bazel run //explorer -- ./explorer/testdata/basic_syntax/print.carbon
+```
+
+Example source files can be found under
+[/explorer/testdata](/explorer/testdata).
+
+We're also working on making Carbon available on
+[https://compiler-explorer.com](https://compiler-explorer.com/).
+
+## Why build Carbon?
+
+See the [project README](#why-build-carbon) for an overview of the motivation
+for Carbon. This section dives into specific questions in that space.
+
+### Why is performance critical?
+
+Performance is critical for many users today. A few reasons are:
+
+- **Cost savings**: Organizations with large-scale compute needs
+ [care about software performance](https://www.microsoft.com/en-us/research/publication/theres-plenty-of-room-at-the-top/)
+ because it reduces hardware needs.
+- **Reliable latency**: Environments with specific latency needs or
+ [concerns with bounding tail latency](https://research.google/pubs/pub40801/)
+ need to be able to control and improve their latency.
+- **Resource constraints**: Many systems have constrained CPU or memory
+ resources that require precise control over resource usage and performance.
+
+### What level of C++ interoperability is expected?
+
+Carbon code will be able to call C++, and the other way around, without
+overhead. You will be able to migrate a single library to Carbon within a C++
+application, or write new Carbon on top of their existing C++ investment.
+
+While Carbon's interoperability may not cover every last case, most C++ style
+guides (such as the C++ Core Guidelines or Google C++ Style Guide) steer
+developers away from complex C++ code that's more likely to cause issues, and we
+expect the vast majority of code to interoperate well.
+
+For example, considering a pure C++ application:
+
+
+
+
+
+
+It's possible to migrate a single function to Carbon:
+
+
+
+
+
+
+References:
+
+- [Interoperability philosophy and goals](/docs/design/interoperability/philosophy_and_goals.md)
+- [How will Carbon's bidirectional C++ interoperability work?](#how-will-carbons-bidirectional-c-interoperability-work)
+
+### What would migrating C++ code to Carbon look like?
+
+Migration support is a
+[key long-term goal for Carbon](goals.md#interoperability-with-and-migration-from-existing-c-code).
+
+If a migration occurs, we anticipate:
+
+- Migration tools that automatically translate C++ libraries to Carbon at the
+ file or library level with minimal human assistance.
+- Bidirectional C++ interoperability that allows teams to migrate libraries in
+ any order they choose without performance concerns or maintaining
+ interoperability wrappers.
+- Test-driven verification that migrations are correct.
+
+## What alternatives did you consider? Why did they not work?
+
+### Why not improve C++?
+
+A lot of effort has been invested into improving C++, but
+[C++ is difficult to improve](difficulties_improving_cpp.md).
+
+For example, although [P2137](https://wg21.link/p2137r0) was not accepted, it
+formed the basis for [Carbon's goals](goals.md).
+
+### Why not fork C++?
+
+While we would like to see C++ improve, we don't think that forking C++ is the
+right path to achieving that goal. A fork could create confusion about what code
+works with standard C++. We believe a _successor_ programming language is a
+better approach because it gives more freedom for Carbon's design while
+retaining the existing C++ ecosystem investments.
+
+### Why not Rust?
+
+#### If you can use Rust, ignore Carbon
+
+If you want to use Rust, and it is technically and economically viable for your
+project, you should use Rust. In fact, if you can use Rust or any other
+established programming language, you should. Carbon is for organizations and
+projects that heavily depend on C++; for example, projects that have a lot of
+C++ code or use many third-party C++ libraries.
+
+We believe that Rust is an excellent choice for writing software within the pure
+Rust ecosystem. Software written in Rust has properties that neither C++ nor
+Carbon have. When you need to call other languages from Rust, RPCs are a good
+option. Rust is also good for using APIs implemented in a different language
+in-process, when the cost of maintaining the FFI boundary is reasonable.
+
+When the foreign language API is large, constantly changes, uses advanced C++
+features, or
+[makes architectural choices that are incompatible with safe Rust](#why-is-adopting-rust-difficult-for-c-codebases),
+maintaining a C++/Rust FFI may not be economically viable today (but it is an
+area of active research: [cxx](https://crates.io/crates/cxx),
+[autocxx](https://crates.io/crates/autocxx),
+[Crubit](https://github.com/google/crubit/blob/main/docs/design.md)).
+
+The Carbon community is looking for a language that existing, large, monolithic
+C++ codebases can incrementally adopt and have a prospect of migrating away from
+C++ completely. We would be very happy if Rust could be this language. However,
+we are not certain that:
+
+- Idiomatic, safe Rust can seamlessly integrate into an existing C++ codebase,
+ similarly to how TypeScript code can be added to a large existing JavaScript
+ codebase.
+- Developers can incrementally migrate existing C++ code to Rust, just like
+ they can migrate JavaScript to TypeScript one file at a time, while keeping
+ the project working.
+
+See
+[Carbon's goals](/docs/project/goals.md#interoperability-with-and-migration-from-existing-c-code)
+for an in-depth discussion of Carbon's vision for C++/Carbon interop and
+migration.
+
+#### Why is adopting Rust difficult for C++ codebases?
+
+Large existing C++ codebases almost certainly made architectural choices that
+are incompatible with safe Rust. Specifically:
+
+- Seamless interop where existing, unmodified **C++ APIs are made callable
+ from safe Rust** requires the C++ code to follow borrow checking rules at
+ the API boundary.
+ - To reduce the amount of Rust-side compile-time checking that makes
+ interop difficult, C++ APIs can be exposed to Rust with pointers instead
+ of references. However, that forces users to write _unsafe_ Rust, which
+ can be even more tricky to write than C++ because it has new kinds of UB
+ compared to C++; for example,
+ [stacked borrows violations](https://github.com/rust-lang/unsafe-code-guidelines/blob/master/wip/stacked-borrows.md).
+- Seamless interop where **safe Rust APIs are made callable from C++**
+ requires C++ users to follow Rust borrow checking rules.
+- **Incremental migration of C++ to safe Rust** means that C++ code gets
+ converted to Rust without major changes to the architecture, data
+ structures, or APIs. However Rust imposes stricter rules than C++,
+ disallowing some design choices that were valid in C++. Therefore, the
+ original C++ code must follow Rust rules before attempting a conversion.
+ - Original C++ code must be structured in such a way that the resulting
+ Rust code passes borrow checking. C++ APIs and data structures are not
+ designed with this in mind.
+ - Migrating C++ to _unsafe_ Rust would still require the code to follow
+ Rust's
+ [reference exclusivity](https://doc.rust-lang.org/book/ch04-02-references-and-borrowing.html#the-rules-of-references)
+ and stacked borrows rules.
+
+### Why not a garbage collected language, like Java, Kotlin, or Go?
+
+If you can use one of these languages, you absolutely should.
+
+Garbage collection provides dramatically simpler memory management for
+developers, but at the expense of performance. The performance cost can range
+from direct runtime overhead to significant complexity and loss of _control_
+over performance. This trade-off makes sense for many applications, and we
+actively encourage using these languages in those cases. However, we need a
+solution for C++ use-cases that require its full performance, low-level control,
+and access to hardware.
+
+## How will Carbon work?
+
+### What compiler infrastructure is Carbon using?
+
+Carbon is being built using LLVM, and is expected to have Clang dependencies for
+[interoperability](#how-will-carbons-bidirectional-c-interoperability-work).
+
+### How will Carbon's bidirectional C++ interoperability work?
+
+The Carbon toolchain will compile both Carbon and C++ code together, in order to
+make the interoperability
+[seamless](#what-level-of-c-interoperability-is-expected).
+
+For example, for `import Cpp library ""`, Carbon will:
+
+- Call into Clang to load the AST of the `vector` header file.
+- Analyze the AST for public APIs, which will be turned into names that can be
+ accessed from Carbon; for example, `std::vector` is `Cpp.std.vector` in
+ Carbon.
+- Use Clang to instantiate the `Cpp.std.vector` template when parameterized
+ references occur in Carbon code.
+ - In other words, C++ templates will be instantiated using standard C++
+ mechanisms, and the instantiated versions are called by Carbon code.
+
+Some code, such as `#define` preprocessor macros, will not work as well. C++
+allows arbitrary content in a `#define`, and that can be difficult to translate.
+As a consequence, this is likely to be a limitation of interoperability and left
+to migration.
+
+### How do Carbon generics differ from templates?
+
+Carbon's
+[generic programming](https://en.wikipedia.org/wiki/Generic_programming) support
+will handle both templates (matching C++) and checked generics (common in other
+languages: Rust, Swift, Go, Kotlin, Java, and so on).
+
+The key difference between the two is that template arguments can only finish
+type-checking _during_ instantiation, whereas generics specify an interface with
+which arguments can finish type-checking _without_ instantiation. This has a
+couple important benefits:
+
+- Type-checking errors for generics happen earlier, making it easier for the
+ compiler to produce helpful diagnostics.
+- Generic functions can generate less compiled output, allowing compilation
+ with many uses to be faster.
+ - For comparison, template instantiations are a major factor for C++
+ compilation latency.
+
+Although Carbon will prefer generics over templates, templates are provided for
+migration of C++ code.
+
+References:
+
+- [Generics: Goals: Better compiler experience](/docs/design/generics/goals.md#better-compiler-experience)
+- [Generics: Terminology: Generic versus template parameters](/docs/design/generics/terminology.md#generic-versus-template-parameters)
+
+### What is Carbon's memory model?
+
+Carbon will match C++'s memory model closely in order to maintain zero-overhead
+interoperability. There may be some changes made as part of supporting memory
+safety, but performance and interoperability will constrain flexibility in this
+space.
+
+### How will Carbon achieve memory safety?
+
+See [memory safety in the project README](/#memory-safety).
+
+References:
+
+- [Lifetime annotations for C++](https://discourse.llvm.org/t/rfc-lifetime-annotations-for-c/61377)
+- [Carbon principle: Safety strategy](principles/safety_strategy.md)
+
+## How will the Carbon _project_ work?
+
+### Where does development occur?
+
+Carbon is using GitHub for its repository and code reviews. Most non-review
+discussion occurs on our Discord server (TODO: link).
+
+If you're interested in contributing, you can find more information in our
+[Contributing file](/CONTRIBUTING.md).
+
+### How does Carbon make decisions?
+
+Any interested developer may [propose and discuss changes](evolution.md) to
+Carbon. The [Carbon leads](groups.md#carbon-leads) are responsible for reviewing
+proposals and surrounding discussion, then making decisions based on the
+discussion. As Carbon grows, we expect to add feature teams to distribute
+responsibility.
+
+The intent of this setup is that Carbon remains a community-driven project,
+avoiding situations where any single organization controls Carbon's direction.
+
+References:
+
+- [Contributing](/CONTRIBUTING.md)
+- [Evolution process](evolution.md)
+
+### What happens when a decision was wrong?
+
+Carbon's [evolution process](evolution.md) is iterative: when we make poor
+decisions, we'll work to fix them. If we realize a mistake quickly, it may make
+sense to just roll back the decision. Otherwise, a fix will need to follow the
+normal evolution process, with a proposal explaining why the decision was wrong
+and proposing a better path forward.
+
+### What license does Carbon use?
+
+Carbon is under the [Apache License v2.0 with LLVM Exceptions](/LICENSE). We
+want Carbon to be available under a permissive open source license. As a
+programming language with compiler and runtime library considerations, our
+project has the same core needs as the LLVM project for its license and we build
+on their work to address these by combining the
+[Apache License](https://spdx.org/licenses/Apache-2.0.html) with the
+[LLVM Exceptions](https://spdx.org/licenses/LLVM-exception.html).
+
+### Why make Carbon open source?
+
+We believe it is important for a programming language like Carbon, if it is
+successful, to be developed by and for a broad community. We feel that the open
+source model is the most effective and successful approach for doing this. We're
+closely modeled on LLVM and other similar open source projects, and want to
+follow their good examples. We've structured the project to be attractive for
+industry players big and small to participate in, but also to be resilient and
+independent long-term.
+
+The open source model, particularly as followed by Apache and LLVM, also
+provides a strong foundation for handling hard problems like intellectual
+property and licensing with a broad and diverse group of contributors.
+
+### Why does Carbon have a CLA?
+
+Carbon [uses a CLA](/CONTRIBUTING.md#contributor-license-agreements-clas)
+(Contributor License Agreement) in case we need to fix issues with the license
+structure in the future, something which has proven to be important in other
+projects.
+
+Any changes to the license of Carbon would be made very carefully and subject to
+the exact same decision making process as any other change to the overall
+project direction.
+
+Initially, Carbon is bootstrapping using Google's CLA. We are planning to create
+an open source foundation and transfer all Carbon-related rights to it; our goal
+is for the foundation setup to be similar to other open source projects, such as
+LLVM or Kubernetes.
+
+### Who pays for Carbon's infrastructure?
+
+Carbon is currently bootstrapping infrastructure with the help of Google. As
+soon as a foundation is ready to oversee infrastructure, such as
+[continuous integration](https://en.wikipedia.org/wiki/Continuous_integration)
+and the CLA, we plan to transfer them so they are run by the community.