diff --git a/programs/lfx-mentorship/2024/01-Mar-May/README.md b/programs/lfx-mentorship/2024/01-Mar-May/README.md
index 57e17b6f..370c65d2 100644
--- a/programs/lfx-mentorship/2024/01-Mar-May/README.md
+++ b/programs/lfx-mentorship/2024/01-Mar-May/README.md
@@ -1,6 +1,6 @@
 # Term 01 - 2024 March - May
 
-Status: Ongoing
+Status: Complete
 
 Mentorship duration - three months (12 weeks - full-time schedule)
 
diff --git a/programs/lfx-mentorship/2024/02-Jun-Aug/README.md b/programs/lfx-mentorship/2024/02-Jun-Aug/README.md
index d8506972..53c6cc57 100644
--- a/programs/lfx-mentorship/2024/02-Jun-Aug/README.md
+++ b/programs/lfx-mentorship/2024/02-Jun-Aug/README.md
@@ -1,6 +1,6 @@
 # Term 02 - 2024 June - August
 
-Status: Planning
+Status: Complete
 
 Mentorship duration - three months (11 weeks - full-time schedule)
 
diff --git a/programs/lfx-mentorship/2024/03-Sep-Nov/README.md b/programs/lfx-mentorship/2024/03-Sep-Nov/README.md
index f6b0a59f..06eaf76f 100644
--- a/programs/lfx-mentorship/2024/03-Sep-Nov/README.md
+++ b/programs/lfx-mentorship/2024/03-Sep-Nov/README.md
@@ -1,6 +1,6 @@
 # Term 03 - 2024 September - November
 
-Status: Planning
+Status: Ongoing
 
 Mentorship duration - three months (12 weeks - full-time schedule)
 
diff --git a/programs/lfx-mentorship/2025/01-Mar-May/README.md b/programs/lfx-mentorship/2025/01-Mar-May/README.md
new file mode 100644
index 00000000..d4dbd44e
--- /dev/null
+++ b/programs/lfx-mentorship/2025/01-Mar-May/README.md
@@ -0,0 +1,31 @@
+# Term 01 - 2025 March - May
+
+Status: Planning
+
+Mentorship duration - three months (full-time schedule)
+
+### Timeline
+
+| **Activity**                       | **Date**                                            |
+|------------------------------------|-----------------------------------------------------|
+| **Project Proposals Open**         | Wednesday, January 8 - Tuesday February 4, 2025     |
+| **Mentee Applications Open**       | Wednesday, February 5 - Tuesday February 18, 2025   |
+| **Application Review Period**      | Wednesday, February 19 – Tuesday, February 25, 2025 |
+| **Selection Notifications**        | Wednesday, February 26, 2025                        |
+| **Mentorship Program Begins**      | Monday, March 3, 2025                               |
+| **Midterm Mentee Evaluations Due** | Tuesday, April 15, 2025                             |
+| **First Stipend Payments**         | Wednesday, April 16, 2025                           |
+| **Final Mentee Evaluations Due**   | Tuesday, May 27, 2025                               |
+| **Second Stipend Payments**        | Wednesday, May 28, 2025                             |
+| **Last Day of Term**               | Friday, May 30, 2025                                |
+
+### Project instructions
+
+Project maintainers and potential mentors are welcome to propose their mentoring project ideas via submitting a PR to GitHub here https://github.com/cncf/mentoring/blob/main/programs/lfx-mentorship/2025/01-Mar-May/project_ideas.md, by February 4, 2025.
+
+### Application instructions
+
+Mentee application instructions can be found on the [Program Guidelines](https://github.com/cncf/mentoring/blob/main/programs/lfx-mentorship/README.md#program-guidelines) page.
+
+---
+
diff --git a/programs/lfx-mentorship/2025/01-Mar-May/project_ideas.md b/programs/lfx-mentorship/2025/01-Mar-May/project_ideas.md
new file mode 100644
index 00000000..49c2748c
--- /dev/null
+++ b/programs/lfx-mentorship/2025/01-Mar-May/project_ideas.md
@@ -0,0 +1,20 @@
+## Template
+
+```
+### CNCF Project Name
+
+#### Mentorship project Title
+
+- Description:
+- Expected Outcome:
+- Recommended Skills:
+- Mentor(s):
+  - Mentor Name (@mentor_github, mentor@email.addy) - please use the same email address as you use on the LFX Mentorship Platform at https://mentorship.lfx.linuxfoundation.org
+- Upstream Issue:
+
+```
+
+---
+
+## Proposed Project ideas
+