Stream Energy was recognized in the Dallas Patch for being one of the first companies to contribute to hurricane relief for Hurricane Harvey. Stream Energy’s charity foundation, Stream Cares, had partnered with Hope Supply Co to help alleviate homelessness caused by Hurricane Harvey.
Stream Energy is a privately-owned company that was established in Texas with services now spanning across seven states. The company provides energy, wireless, protective, and home services. Their business model is direct energy selling in which the corporation pays individual associates to build a network and deliver each product for a fixed rate. All products and services are offered for residential and corporate services. Associates who are successful with this business model work as autonomous entrepreneurs and business owners who also get to choose a cause to support through Stream Cares.
The company has redirected money profited by sales towards funding for relief. Stream Cares had recently been launched and its charity efforts have become part of their brand. Beyond monetary contributions, the employees are given the opportunity to volunteer themselves as well as partner with other foundations including Red Cross and Habitat for Humanity.
The Dallas Patch points out the win-win situation that these philanthropy efforts provide. While being able to give back to the community, companies are able to raise awareness and earn respect of current, new, and potential clients in the area. This growing trend is backed by the statistics, reporting in 2016 corporations provided $19 billion in funding to charities not including sponsorships, marketing, and individual employee contributions.
Through partnering with Hope Supply Co, Stream was able to cover entrance and meal costs for 1,000 children in North Texas at an event called Splash of Hope. Stream Energy has also aided to the Texas tornado that had touched down in 2016. The company had also paid all expenses and co-hosted the American Girl Doll Experience for 10 daughters of military families to help support and give relief Dallas-based families.
Stream Energy has made a positive impact in the Texas area where they serve, making philanthropy an essential part of their brand and value.