Texas-based Energy company Stream Energy is one of the few corporations in America to have a foundation solely dedicated to community outreach. Through their “Stream Cares” foundation, the energy companies have managed to do an incredible amount of good for their respective communities. Most recently, Stream Cares was one of the first charitable foundations on the ground after the devastating events of Hurricane Harvey that left many without homes and food. There is no doubt that Stream Energy is changing how charity is done in the business industry.
Philanthropy is nothing new to Stream Energy, in fact, philanthropy is a huge part of their company culture, so much so that employees often volunteer to provide aid for those in their community. For example, one passion project for many Stream Energy employees is their work to aid the growing number of homeless children in the Dallas area. Every year in conjunction with Dallas-based Hope Supply Co. associates band together to not only provide these children with basic necessities such as food and school supplies but raise funds to give these children a day at a waterpark, a day where they can forget about their problems and just be children.
Although many high-level executives are attempting to emulate Stream’s foundation, Stream Energy still holds the advantage through their unique business model. Upon being hired by the company, associates are given the task of creating a number of networking groups within their community which then provides them with the ability to offer their potential customer’s fixed rate energy plans. So, how does this tie-up with philanthropy? It’s rather simple, see many of the associates like to keep in contact with their customers in order to ensure their continuing satisfaction with the service, through this method strong bonds are formed and the lines of company and community are blurred. The strategic moves of creating a company culture of philanthropy have no doubt increased the companies brand name value for years to come.
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Hurricane Harvey dropped across Houston neighborhoods living havoc with the 56 inches rain that poured for the entire time. People watched helplessly as the floods swept homes, destroyed properties and took Americans lives. Stream Energy, a Dallas, based company, couldn’t just wait as thousands of stranded Americans went through the ordeal and lost in its aftermath. It gathered enough resources and without hesitation became one of the first company to help in the recovery in whatever way necessary selflessly. They, for instance, spend thousands of dollars easing the financial burdens of the affected Americans.
Stream Energy envisions a society that is prosperous and with a population of people with better livelihood, education, and environment. For this reason, corporate philanthropy is part and parcel of the company’s existence. It is an ingrained element in Stream’s DNA as seen by its recent launch of one of a kind charity foundation named “Stream Cares” that aims to coordinate, formalize, and extend the ongoing philanthropy work that it has tirelessly carried out for almost a decade and a half. Stream cares foundation has proved that Stream Energy genuinely cares for its clients, and it has shown an exemplary example with Hurricane Harvey where it demonstrated that charity and philanthropy is a critical part of its brand and mission. The corporate lead as a textbook example in using more than money to ensuring that it properly gave back to the society through not only assisting in the rebuilding of destroyed properties but by also taking a mile further and help in restoring human dignity.
Stream Cares and Stream Cares Foundation was launched as different philanthropy arm to function separately from the energy sales business purposely to support communities in need and fund local charities throughout Texas, its environs, and all over the country. This approach has numerous advantages such as the company is enabled keep its commitment of giving back to the community without fail, while simultaneously enhancing its reputation to the public and creating unwavering loyalty of potential clients in the society. In an aim to solidify its dedication to taking care of the society, Stream Energy has established a long-term relationship with humanitarian agencies such as Red Cross and Habitat for Humanity to reach all communities from their grassroots.