Stream Energy is a Dallas Based Company that Engages in Corporate Philanthropy

At times, people come together to give back to the society in different ways. The less privileged are more of an ideal group who need assistance from the philanthropists in the society. Such people may come from less privileged backgrounds. There is also another group of less privileged people who serve as victims of natural weather calamities such as hurricanes and tornadoes. Recently, there was an instance of a Hurricane Harvey in Houston. Many people’s homes were destroyed thus rendering them homeless. The victims were relying on the aid offered by philanthropists as well as organizations such as Stream Energy.

Stream Energy is a company that deals with the sale of energy. The company is based in Dallas. Since philanthropy is embedded as one of the co-values within the company, Stream was able to offer its assistance in every manner possible. To ensure that the company’s philanthropic efforts are progressing accordingly, Stream Energy formed the Stream Cares. Through Stream Cares, the corporation can indulge in philanthropic activities that are aimed at helping out the less privileged individuals throughout the country.

When a corporation indulges in corporate philanthropy, they can gain more respect from the public as well as their clients; this is because such activities are highly publicized. The executives within the company can also utilize this publicity to the company’s advantage in case there is a scandal or a fall in the company’s profit margins. The statistics in 2016 also showcase that corporations that engage in philanthropy gave out over $19 billion as their way of giving back to the society. Stream Energy has also partnered with other organizations such as Red Cross and the Habitat for Humanity.

One of the key areas that Stream Energy is trying to address is homelessness. To ensure that the homeless individuals receive the necessary help that they need, Stream is working with an organization known as Hope. The Hope Supply Co. has been known for helping out the homeless children in the society The Company usually provides school supplies, diapers, and clothes to these children. Stream also plays a significant role by offering financial aid. The partnership between the Hope Supply Co. and Hope has stayed afloat for four years, and they are set to continue working together for many more years.

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The New Philanthropic Foundation Stream Cares Established to Serve Community

Dallas based energy company Stream Energy has always been a community centered, philanthropic business and that legacy is going to grow more. By established a philanthropic division of their company, called Stream Cares, the company can focus their energy and efforts when it comes to charitable causes. The foundation is intended to impact and improve the lives of individuals that live in the regions in which they serve, where the greatest need is and in ways that will cause and create community wide and generational improvements.

By connecting with the greater community Stream Energy knows that it can create a greater sense of community for its employees, customers, and business partners. The understanding that all areas of the community are connected is really what makes Stream Energy so powerful and successful and what the business is built on as a whole.

Stream Energy decided that the independent branch for charitable endeavors was necessary and warranted after its many years of work within the community, but notably following Hurricane Harvey recovery efforts. The company was already working with several other non-profits to find areas of the community where the need was greatest and where the biggest impact could be made, but it found that an organized effort through which it could reach out to the community as well as other sponsors would alleviate some of the concerns around philanthropic efforts. Taking this step towards establishing the foundation allows the company to better serve the areas where its employees and customers are located, as well as opens many more doors through which to reach out to the community with the aid it is able to provide.

Since establishing Stream Cares, the community has benefited immensely and many new relationships have been forged and fostered. The company and its employees can serve their community with pride and the knowledge that their work is needed and appreciated.

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