Philanthropy is part and parcel of modern businesses, especially in America. Corporate America ranks high in generosity, having donated over $16 billion to charities both at home and abroad. Most businesses, however, write checks in support of charitable causes or organizations, and they do not invest time in corporate social responsibility—just money. Stream Energy is among the few commercial entities that extend support to society beyond money. The Dallas-based firm is the leading provider of retail electricity and related home services.
Stream Energy’s philanthropic gestures range from supporting homeless people, Dallas-area veterans, and society when disasters strike. The company’s philanthropic gestures endear it to society, attracting tons of clients to the company, which relies on a direct selling business model. The company recently launched Stream Cares to handle its philanthropic undertakings.
The residents of Southern Texas and other areas affected by Hurricane Harvey have Stream Energy to thank for spearheading healing and rebuilding efforts, during and after the disaster. The company donated $25,000 to the American Red Cross and received donations, which it later delivered to the non-profit. Cognizant of the fact that the affected communities would take some time to put their houses in order, the company announced that its customers would continue enjoying its services undisrupted until when they could comfortably foot their utility bills.
Texas has been on the spot over rising number of homeless people. Stream Energy believes that homeless people deserve attention, care, and monetary support. The company, in conjunction with Hope Supply Co., has supported the less fortunate in Texas for close to half a decade. The firms, most recently, organized Splash for Hope. The annual event gathered over a thousand homeless children, providing them with supplies, food, and sponsored fun activities.
Then there is a group that is often neglected: veterans. Stream’s Operation Once in a Lifetime is meant to breathe life into Dallas-area veterans. The program provides both financial and moral support in addition to sponsoring fun activities for children of the veterans.
With Stream Cares in place, Stream is likely to accomplish more in terms of philanthropy not only to residents of Texas but across America, and even abroad.