Stream Energy in a philanthropic mission.
Houston residents became victims of a massive hurricane. During this period, many were left homeless and without food. Most companies were shying away from offering assistance to the victims. Stream Energy, however, used its income to assist the victims. They invested their hard-earned profits from the production of energy into helping the victims. They also used the money to settle some of the victims’ debts.
Stream Care is a charity organization. It was founded by Stream Energy to conduct its philanthropic activities. This organization was started due to the company’s love of being charitable. The organization was established to come to the aid of everyone in need in Texas and throughout the United States. The charity organization has been running for over a decade. The company proved its philanthropic character during the situation of Hurricane Harvey in Houston. The not only assisted the victims financially. They went to the region to one on one help the victims.
The idea of coming up with a charity organization which is separate from the firm establishing it is a new practice. The idea comes with significant advantages. It grants the company a chance to give back to the society. It also earns the firm loyalty and appreciation from its clients and the society at large. It is a rare practice for firms to give back to the community. Therefore, a company that does so shows a significant level of selflessness. Such acts also come in handy during the downfall of such companies especially when scandals erupt.
Generally, the corporate industry in the United States is very charitable. In 2016 alone, the corporate world gave almost $29 billion into charity funds. This amount is exclusive of individual donations from philanthropic employees. Stream Care has for a long time worked together with organizations such as Red Cross and Habitat Humanity.
Stream Energy operates by selling its energy directly to the consumers. By doing so, the company encourages the growth of excellent and loyal relationships between its employees and the clients. The company offers its consumers a wide range of products to choose from. Stream Energy serves both residential and commercial areas. Through these relationships, the employees sell energy and earn commissions from the sales.
It is from these commissions that they make donations to the charity funds. The charity funds are often used to support the homeless residents of Dallas.