Corporate philanthropy is one of the most outstanding values of Stream. Recently, the company launched ‘Stream Cares’ which is a charity foundation. The company started the foundation to make things formal about the philanthropic activities it carries out in different parts of the US. The company has been active for over 12 years in giving funds to the needy.
When Hurricane Harvey occurred, Stream demonstrated to other companies how conducting charity work is incorporated into its practices. The company does not only offer funds but human resources. Most companies participate in philanthropic activities but do not launch a separate department to take care of such issues. Philanthropy is important to any given community because it is beneficial to the company and those in need. For instance, the company that gives to the community earns loyalty as well as the respect of everyone. Philanthropy is an excellent buffer to a company when profits decrease, scandals arise, and hard times prevail.
Based on statistics, most companies located in the US are extraordinarily generous. Businesses donated $19 billion to various charities in 2016. However, such contributions are not the same as donations of time, individual employee contribution or corporate sponsorship. Stream Energy is an example of a company that has a good reputation for giving to the community.
Stream Energy employs a simple model. Direct selling of energy helps the company in paying associates thus leading to loyal clients.Stream Energy also offers a broad range of services which include virtual doctors, corporate services, clean energy, and fixed rates of power among others. Stream also provides mobile phone plans and residential services.
The associates of the company also get commissions on sales made. Homelessness is a major concern of the company. Employees of Stream, as well as the company’s management team, track the state of homelessness in Dallas. It was noted that there was a 24 percent rise in homelessness in the area. Through Hope Supply Company, Stream Energy was able to reduce the increased rate of homelessness. Thousands of children are able to benefit from the same on a regular basis. Hope Supply Co. offers products such as diapers, clothing, and school items among others. Stream Energy has partnered with the charity for over four years.