Stream Energy is a successful energy selling company that came to the rescue of its customers after the Hurricane Harvey that caused people to lose their lives and becoming homeless. Stream energy saw the need to rescue the customers that lost their homes by the creation of stream cares philanthropy that supports them financially as they recover. Corporate philanthropy is a critical consideration in the company’s success and helping the community. The “Stream cares” foundation aims at formalizing the philanthropy works that was ongoing from the direct selling energy company across Texas and the whole country.
For the case of Hurricane Harvey, Stream Energy showed other corporate companies in Dallas how they should get into philanthropy and charity to help their clients and making a great brand by giving back to the community more than money. The main advantage of a company opening separate philanthropy is that there are dual advantages; the company gives back to the community, and at the same time the company is earning loyalty and respect of the likely clients and the general public.
Corporate giving is highly publicized in the U.S, and it is helpful to incase a scandal hits the company with a possibility of reducing profits and causing layoffs. Corporate America is astonishingly generous, in 2016; $19 billion was given to charities across America and Worldwide from businesses. The statistics don’t include corporate sponsorship, individual employee contribution, and cause marketing.
The stream has built a strong relationship with Red Cross and has a local drive through to the grass root giving that is used in keeping track of the company’s philanthropy. Stream Energy, through their Hope Supply Company philanthropy, has been able to help the homeless people in Dallas by providing food for more than a thousand homeless children in Northern Texas. The event brings homeless children together in a water park where the employees join them and give out their supplies and money.
— Stream (@MyStreamSocial) November 23, 2018
Hope Supply Company provides clothing, diapers and school materials for homeless children, and Stream has been working directly with the charity for more than four years. For Stream, philanthropy is like a typical day in office.