Author Marjorie M. Liu is currently in China and felt the Sichuan earthquake in Shanghai; she wrote a couple of posts about it on her alternative weblog here. I followed her link to Shanghai Scrap, American writer Adam Minter's blog, and his link to Shanghaiist.com, and a post with donation information for the Red Cross Society of China.
I don't watch television, but I do listen to the radio, and two NPR reporters (Robert Siegel and Melissa Block) were in the Sichuan region getting ready to do a week-long series about life in that part of China when the earthquake hit. They've been reporting about it every afternoon on NPR's news radio show All Things Considered. You can also read and see photos of what they're witnessing first hand on their Chengdu Diary.
Via the NPR reports, I found Half the Sky, an organization that helps orphaned children in China. They're setting up a Children's Earthquake Fund that will provide "emergency shelter, food, and medical care for children orphaned or separated from their families." This is where I'm sending my donation.
If you can contribute and help the victims of the earthquake in any way, please do. Also, please keep the people of Sichuan in your prayers and thoughts.