diff --git a/edx_repo_tools/repo_checks/labels.yaml b/edx_repo_tools/repo_checks/labels.yaml
index 53a0bf6e..9a1a3fd3 100644
--- a/edx_repo_tools/repo_checks/labels.yaml
+++ b/edx_repo_tools/repo_checks/labels.yaml
@@ -69,6 +69,9 @@
   color: "0052cc"  # royal blue
   description: "Relates to documentation improvements"
 
+- name: "FC"
+  color: "038E8E" # tealish
+  description: "Relates to an Axim Funded Contribution project"
 
 
 ### LABELS INDICATING THE SCOPE OR FUNCTION OF THE ISSUE.