Stream Energy recently launched the foundation Stream Cares. The company has always been involved in philanthropy, and the foundation helped the survivors of Hurricane Harvey. Lives and homes were lost in the flood, and Stream Energy was the first to help victims begin to rebuild their lives. The response to the losses caused by Hurricane Harvey is a perfect example of how businesses such as Stream Energy revolve around philanthropy and also charity.
A business launching a philanthropic arm is somewhat new, but it has its advantages. It allows the company to give back to its community and gain loyal clients. A company giving to its community is always made public. It’s especially noticeable during hard times or when disaster strikes. According to statistics, businesses will go above and beyond in terms of generosity. They give billions of dollars to charities across the country. Stream Energy has long term relationships with charitable organizations such as the Red Cross. Its employees have worked to give the company a track record of philanthropy.
The model for Stream Energy is to have a whole network of clients and be able to provide various services. Associates of the company individually make money through the sales of these services. A cause these associates are passionate about is people in the community being homeless. They have partnered up with Hope Supply Company to help homeless people and kids. They held a Splash for Hope event to bring homeless children to a water park and provide homeless families with money and needed supplies.
Stream was also quick to respond to victims of a tornado a few years ago. They worked with the Salvation Army to raise money towards homes and businesses lost by the tornado. Associates have also participated in an Operation Once In A Lifetime and an American Girl Doll Experience event.