If you have made arrangements to include PBC in your estate plans, please let us know. Your information will be confidential and not legally binding.
Ways to Include PBC in Your Estate Planning
1. Wills & Trust
You can name PBC in your will or trust. You can use the following language; “I give (dollar amount or % of estate) to the Padmasambhava Buddhist Center, a not-for profit-organization with its principal offices located at 618 Buddha Highway, Sidney Center, NY 13839. Federal Tax ID: 22-3008377 to be used for its general purposes.”
2. Beneficiary Options
You can designate PBC as the beneficiary of your retirement plan or financial account. You can either designate all or a percentage of your account. You are able to designate another person such as your spouse as a “primary beneficiary” and PBC as a “secondary beneficiary.” Contact your account manager and PBC to add PBC as your beneficiary.You will usually have to fill out a beneficiary designation form. Our information for the beneficiary designation form is:
Padmasambhava Buddhist Center
618 Buddha Highway
Sidney Center, NY 13839
Federal Tax ID: 22-3008377
Phone: (607) 865-8068
PBC’s articles of incorporation were filed in the state of New York on January 31, 1989.
3. Financial Accounts
You can name PBC as the beneficiary of your Certificate of Deposit (CD) account or name PBC Payable On Death payee of your bank account. Each bank has different rules on this, please talk to your financial institution to see what information regarding PBC they would need. For this option, PBC would have to contact the bank upon your passing and may even have to provide your death certificate. It is especially important that PBC knows if they have been named as a beneficiary of a CD or payee of your Payable On Death bank account.
“May all the temples and monasteries
All the readings and recitations of Dharma flourish.
May the Sangha always be in harmony,
And may our aspirations be achieved.”