Reading Relief Fund for Residents of 625 Main Street

charitable

The Town of Reading has partnered with Reading Cooperative Bank to create an emergency fund to aid the victims displaced last week at the General Washington Apartments at 625 Main Street in Reading. Through its Charitable Foundation, the bank will collect tax-deductible* donations and donate them to the Town to distribute to the residents of the 39 units that have been forced out of their homes until repairs can be done.

If you would like to make a tax-deductible* donation of any amount, there are three ways you may do so:

  1. By cash or check at any branch. Checks payable to: Residents of 625 Main Street.
  2. By transfer from your RCB account. Just log-in and follow the instructions below.
  3. By credit or debit card via PayPal. These donations will incur a PayPal charitable rate fee of 2.2% + $0.30.

Instructions to donate from your RCB Account:

  • Login to online banking
  • Click ”Transfer” in the top navigation
  • Choose the Unlinked Accounts tab (second from the right)
  • Entity Type: Organization
  • Name on the Account: “RCB Charitable Foundation” (exactly as it appears)
  • Account type: Checking
  • Account number: 2600333691
  • Confirm account number: 2600333691
  • Account nickname: Residents of 625 Main Street
  • Hit “Submit”

Once added, you will be sent to the Manage Transfers tab:

  • Select the funding source (your account)
  • Select the destination, which should be "Residents of 625 Main Street" in the drop down
  • Enter a donation amount
  • Schedule a frequency (most likely, “Immediate”)

You may add a description that will remind you why that amount was deducted from your account - this will appear on your bank statement.

You may call Reading Cooperative Bank at (781) 942-5000 or email marketing@readingcoop.com with any questions about donating to the fund.

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*You should consult a tax advisor regarding the deductibility of your donation.