Hurricane Harvey was one of the deadliest storms to hit the Houston area in recent memory. People tuned in all over to watch devastating waters destroy entire neighborhoods and take the lives of many individuals. When the storm ended, Stream Energy stepped up as one of the first companies to help rebuild the devastated community. Stream Energy is a company that prides itself for doing philanthropic works to better its community. The company opened a new branch called “Stream Cares” with the sole purpose of seeking opportunities to provide charitable works throughout the state of Texas.
It is not very common for a corporation to dedicate a sole branch to philanthropy, but it provides corporations a few advantages. This gives a chance for the corporation to give back locally and the local community ends up respecting the company even more. This could potentially increase the clientele of the corporation and make it more profitable. Corporations will often make sure their philanthropic acts are well-publicized. This can be helpful when a corporation is found to be involved in a scandalous act or when they face hard economic times.
Corporations in the United States are extremely generous. It is estimated that corporations gave $19 billion to charitable foundations in 2016. This doesn’t include the money these businesses gave to scholarships and other causes.
Stream Energy has worked many years with organizations such as the Red Cross and Habitat for Humanity. One cause that the associates at stream Energy are extremely passionate about is homelessness., Stream Energy partners with Hope Supply Company to cover an event called the “Splash for Hope”. This is an event where the two companies pay for over a thousand homeless children to enjoy a fun day at a local water park. This is a great opportunity because many the children have never experienced a water park in their lives.
In late 2016, North Texas was hit with multiple tornadoes. The associates at Stream Energy immediately stepped up to assist in the community. They worked with the Salvation Army to raise funds for the individuals who had lost their homes. The company doubled the funds that the associates raised and gave it for the cause to rebuild the community.