Hurricane Harvey was among the most distressing calamities in the US. The storm led to the destruction of property and homes, and many people were left stranded. One company, however, Stream Energy used the profits it had made from its energy sales to fund the recovery and help its customers financially. The company, which handles energy sales is known for its charitable acts within Texas and throughout the country. It recently launched ‘Stream Cares,’ a charity foundation to make their ongoing philanthropy formal.
For Stream Energy, creating a separate arm for philanthropy offers it dual advantages. It gets to help the community, while also earning loyalty and respect of the public and potential clients. Statistics show that most firms in America are incredibly generous. Back in 2016, corporate firms donated approximately $19 billion to various charities within the country and abroad. This amount excludes cause marketing, corporate sponsorships, the donation in the form of time, effort and money by individual employees to various causes. In 2016, Stream Energy together with Salvation Army raised money to help victims of the tornado in North Texas.
The Dallas based company has a simple business model. Its successful energy sales help it to pay its employee, maintain loyal clients, and deliver various products and services. The company offers both corporate and residential services. They do all these and still choose and support multiple causes. One primary cause the company profoundly associates itself with, however, is homelessness. Stream Energy regularly tracks the number of homeless people in Dallas. It is for this reason that it partnered with Hope Supply Co. to provide school supplies, clothing, diapers and more to homeless people.
Operation Once in a Lifetime also allowed Stream to offer financial and moral support to veterans in Dallas and their families. Besides giving financial aid to the veterans and their families, the company gave them free transportation to help them enjoy the holidays at a restaurant in Texas. Soon after, Stream paid an all-expense dinner for ten kids of military members at the ‘American Girl Doll Experience.’ For Stream, corporate philanthropy is part of their duty at the company.