From the Shambhala SunSpace website:
Breaking, heartbreaking news this morning: a series of earthquakes — including one of a 6.9 magnitude — have struck in China. The quakes were centered in Yushu county, in the southern part of Qinghai — a mountainous region near Tibet. 400 people have been reported killed, with 10,000 estimated injured.
UPDATE: We now have word via a Shambhala sangha member who passes on a message from Shirley Blair, the director of Thrangu Rinpoche’s school for Himalayan children in Kathmandu. Blair’s message contends that Thrangu Rinpoche’s monastery was hit by the quake, resulting in at least 10 deaths.
The Shambhala site has more information and some helpful links. Please keep all the people affected by this earthquake in your hearts and prayers.
The Jizo Chronicles 
The latest from Thrangu Monastery in Tibet, as heard by phone from a monk there:
25 have been killed, 5 missing and many injured. The main new temple, one shedra building plus (its seems) part of the library have been destroyed. I will post more as I hear about it.
Gloria Jones
Secretary to Thrangu Rinpoche
I heard that there is a monastery emergency relief fund for Thrangu Rinpoche’s Monastery in Tibet and I would request information from Thrangu Rinpoche’s Secretary on how we can best help.
Prayers for everyone affected by this earthquake. Om mani padme hum.
Hi Lesley,
The Shambhala Sun Space page continues to offer excellent updates on this situation, including how to help. See http://www.shambhalasun.com/sunspace/?p=16221