Palpung Monastery is the name of the congregation of monasteries and centers of the Tai Situpa lineage of the Kagyu school of Tibetan Buddhism as well as the name of the Tai Situ's monastic seat in Derge, Kham. Palpung means "glorious union of study and practice". It originated in the 12th century and wielded considerable religious and political influence over the centuries.
The current monastery was founded in 1727 by the 8th Tai Situpa "Situ Panchen" with the great support of the Dharma King of Derge Temba Tsering. It is the seat of four lines of incarnate lamas, the best-known being the Tai Situpa as well as the Jamgon Kongtrul and the Second Beru Khyentse. The temple has historically been associated with the Karmapas: for instance, Rangjung Rigpe Dorje, 16th Karmapa, was enthroned first at Palpung before traveling to his main seat at Tsurphu Monastery in Ü-Tsang.
The 12th Tai Situpa, Pema Tönyö Nyinje, has established a new monastic seat in exile at Palpung Sherabling Monastery in the state of Himachal Pradesh near the city of Baijnath.