Leaving a Bequest

The Great Stupa of Dharmakaya

The Great Stupa of Dharmakaya

Establishing Shambhala – now and for generations to come.

“For a community to identify with such a heroic motivation as basic goodness and enlightened society is deeply transformative…We are investing in our future.”
~Sakyong Mipham Rinpoche

 

 Clarifying Your Aspirations

In our daily life, the path of meditation guides our expression of generosity to the world. How would you like that generosity to live on as your legacy? How can that legacy express your aspiration for the world?

Contemplating what we wish to offer when we pass away can clarify that aspiration, both through caring for those you love and through supporting the organizations closest to your heart. A bequest can inspire you both to create and to let go – to help you truly transform the future of our planet.

Since its formation Shambhala has flourished, in part because our growing community has chosen to include Shambhala in their estate plans, thereby supporting the creation of an enlightened society. Please consider leaving a gift to Shambhala in your will. 

Founder of the Shambhala Lineage, Chogyam Trungpa Rinpoche Meeting with the Future of the Lineage

Founder of the Shambhala Lineage, Chogyam Trungpa Rinpoche
meeting with the Future of the Lineage

Leaving a Bequest

In some locations, laws can irrefutably dictate what happens to your assets if you do not have a will. A bequest ensures that after your death your wishes are clear, and we’d be happy to discuss your giving intentions in that regard.

As you think about your legacy gift to Shambhala, you may want to consider leaving a bequest to multiple entities – to the Lineage and the Sakyong Potrang, your local Centre or Group, a Land Centre or Centres that are close to your heart – and of course, any other Shambhala entities that are important to you. In this way, your generosity can be shared on mandala-wide, regional, and local levels.

The Development Director is your point of contact if you wish to make a bequest. She will listen to your questions, and guide you to the best person or people to speak with about your bequest wishes.

Ms. Faradee Rudy
Development Director
faradee.rudy@shambhala.org
+32 (0) 489 21 57 20

Because you should always seek the advice of a financial or legal advisor when making a bequest, there are attorneys and other experts in the Shambhala Community who, whether your bequest is large or small, would be happy to speak with you about your wishes. They are well versed in advising people on their bequest wishes in countries all over the world. You can request a time to speak with one of them during which time they will interview you about your wishes for your estate. They will then draw up a memorandum detailing what you would need to discuss with your local attorney.

meditators

How to Name Shambhala In Your Will

You may not known that what we refer to as “Shambhala International” would be problematic in that no such legal entity currently exists. What we refer to as “Shambhala International” in the broadest sense is composed of many different legal entities in the United States, Canada, Europe, and elsewhere, based on the requirements in each of those countries. Because of this, please do not simply indicate “Shambhala International,” as this name is not specific enough for legal purposes.

Furthermore, the corporate structure of Shambhala does occasionally change over time, and the names of its constituents can change from time to time. If you have specific questions about how to name Shambhala in your will, please contact the Shambhala Development Director who will either answer your question or direct you to someone who can (contact information above).

As you think about your legacy gift to Shambhala, we encourage you to consider leaving a bequest to multiple entities – ideally to your local Centre, a Land Centre or Centres that are close to your heart, and to The Sakyong Potrang, or lineage – and of course, any other Shambhala entities that are important to you. In this way, your generosity can be shared on local, regional, and mandala wide levels.

Click here to find out the correct legal name of the Shambhala entity to which you would like to leave a bequest.

Types of Bequests

There are a multitude of ways to include Shambhala in your planned giving. These include but are not limited to:

Cash Bequest
A Shambhala entity receives a specific dollar amount.

Bequest of Property
A Shambhala entity receives specific assets, such as securities, an interest in real estate (such as a residence), or tangible personal property (e.g., works of art, antiques).

Residuary Bequest
A Shambhala entity receives a designated percentage of the remainder of the estate after the payment of any specific bequests and all estate-related expenses.

Testamentary Trust
The trust provides one or more heirs with income for life, after which the assets pass to a Shambhala entity.

Retirement Plan
A Shambhala entity is designated as a beneficiary of a designated percentage of the remainder of your IRA, Keogh, tax-sheltered annuity, qualified pension, or profit-sharing plan.

A planned gift can be made with almost anything: cash, stocks, bonds, mutual funds, real estate – even property such as artwork and royalties.

Acknowledging Your Bequest

If you have already made a bequest to a Shambhala entity, please let us know by contacting the Development Director. You will be acknowledged as a Legacy Patron in our community and as such, you will receive a special pin that recognizes your generosity in leaving a bequest.

Thank you for your generosity to Shambhala in this life, and for extending your love and care for Shambhala into the future!

Sakyong Mipham Rinpoche and Family