Stream Energy is a Dallas company involved in direct- selling of energy, wireless and home protective services. The company has been active in corporate philanthropy. The company’s direct-selling business approach enables it to pay its employees through commissions. The affiliates create networks and deliver a wide range of products and services.
Stream Energy recently launched its foundation the Stream Cares Foundation whose work is to help people who have been affected in different ways voluntarily, and mostly by natural disasters. This launch was to formalize its Texas philanthropy and also the philanthropic works it has always been engaged in all over the country for more than a dozen years now.
Philanthropic works have been embraced by many organizations and tycoons around the world and stream cares foundations have not been left behind. It has been investigating the number of people who suffer homelessness in Dallas, and they have come up with statistics of a 24% increase in homelessness, and this gives them a chance to effect their giving.
Stream Cares foundation was at the forefront of helping the people who were affected by the Hurricane at Dallas. During the Hurricane Harvey, most people were left homeless and lifeless due floods. While other foundations were not able to help during this disaster, Stream Energy stepped in and used the hard earned money from its energy sales business. It was able to do this because of the partnership with its own Hope Supply Co., and so entrance and meal costs were catered for. This generosity made it becomes the first company to fund this recovery, and also ease the financial burden of its customers.
This Dallas recovery mission by the foundation was just an example of how other Dallas corporations have dedicated themselves to influence charity and philanthropy. This help was also important in branding themselves.
One advantage of the Stream Energy is that they have been able to build long-lasting relationships not only with its employees and Habitat for Humanity but also with Red Cross. These people and organizations have helped the foundation in their local giving. The involvement of the employees has helped support the philanthropic track record of Stream.