Stream Energy Innovates How A Foundation is Done

Stream Energy, a Texas-based energy company that offers its customers fixed-rate energy plans have recently made waves throughout corporate America, not because of their earnings but because on how they’ve decided to make philanthropy one of their primary goals. Through their charitable foundation “Stream Cares”, the company has been able to formulate volunteer groups and raise funding for people in need. Recently, the Texas coast was hit by a devastating hurricane that causes extreme flooding and damage to many homes and businesses. Stream Energy’s foundation quickly began working with the red cross of America and habitat for humanity to bring aid to those affected by the storm.

Although many corporations across the country have given to charitable foundations, the act of creating a separate branch solely dedicated to giving back is a relatively new phenomenon. Though the act of giving back by a corporation seems selfless and for the overall good of the community, they are well aware of the benefits as well. Executives understand that by funding projects within the community the brand value increases and therefore create a sort of buffer zone when negative stories come to light. Because of this many executives are now advising their teams to evolve their charitable procedures, however, Stream Energy does still have a leg up on the competition in the form of their business model.

Stream Energy associates are one of the key factors for the success of the foundation, this is mainly due to their close bond with their customers as they are tasked to keep in touch with them in order to provide the best possible experience and service. Furthermore, many associates tend to feel a responsibility to give back to a community that has done so much for them. For example, many in the Dallas area partner with another charitable organization name Hope Supply Co in order to supply homeless children in the area with basic necessities such as food and clothes including giving over a thousand kids a water park experience that they otherwise would have never had without the generosity of Stream associates.

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Stream Energy

In summer 2017, Hurricane Harvey released nearly 60 inches of rain onto Houston and the southeastern part of Texas including Dallas. The major hurricane is the first to hit landfall on US soil since Hurricane Wilma in 2005. Hurricane Harvey is tied with Hurricane Katrina of 2005 as being the costliest hurricanes to hit the United States. The damage totaled approximately $125 Billion. Houston and Dallas were hardest hit with flood zones over 5 feet in many areas. Houses and businesses were lost, residents were left homeless, some were jobless, family members’ and some pets’ lives were lost. Rescue efforts were pushed to the limits. Rescue workers and volunteers came from around the country to help with recovery efforts.

One company’s effort did not go without notice. Stream Energy is a Dallas based independent utility company with a philanthropic realm called Stream Cares. Stream Cares was on hand with the citizens of Dallas to pass out supplies to storm victims. They provided water, food, and other items to the victims. They also worked with charitable organizations to provide housing for the residents of Dallas.

Stream Energy began in 2005 as an independent direct selling energy company. Stream Energy used the “word of mouth” approach to grow its business. The company chose to use independent contractors to help customers evaluate their utility bills and determine if they could save money by switching their service.

This dynamic method of sales put the young company in a unique position to where they are now as a multi-billion-dollar company. At the core of this successful company Stream Energy has a philanthropic heart. Many corporations support various charities, but Stream Energy once again shows their uniqueness by not just writing a check but going out into the field with management and agents ready to lend a helping hand.

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