Stream Energy is a direct-selling energy company from Dallas. For over twelve years, this company has been known for its charitable donations to organizations in the state of Texas and all throughout the country. With such a strong philanthropic culture within the country, Stream Energy has decided to go a step further and open an office dedicated to their charitable functions as a company called Stream Cares.
American companies are known for being more on the generous side. For all of 2016, American businesses gave away about $19 billion in donations to charitable foundations all over the world. Though a sizable sum, this does not include money spent marketing on behalf of charities, sponsorships awarded, or the time and money coming directly from individual employees. A foundation within a company, however, isn’t standard when engaging with charities.
Stream Cares will continue the tradition of donating to organizations far from home, but now there will be a more formal organization in selecting which charities to engage with, which functions to hold and when. In addition to giving to those in need, Stream Energy is looking to this foundation as a way to boost its profile as a company concerned with the welfare of its customers.
In addition to formalization, there will be an increased effort in localization. Working with national organizations like Habitat for Humanity and the Red Cross allows employees to take part in big functions, but Stream Cares will also be looking to work with grassroots organizations more often. This will allow the company to have a direct impact in their local community, something that engages their workers.
Dallas is a city of 1.3 million people, one of Texas’ most populated. It also has a serious problem of homelessness, which has increased 24%. Stream Energy has sought a way to address this issue in their city by partnering with he Hope Supply Co, a charity dedicated to helping the homeless in Northern Texas.
Together, they held A Splash of Hope. 1,000 homeless children were taken to a water park for a day where they received financial aid, school materials, clothes, and supplies to assist their families.
Stream Cares has also assumed a symbolic responsibility. Texas is not known for its charity. Compared with the rest of the country it’s one of the least charitable states. Stream Energy hopes that its new foundation can stand as an example to the rest of the state’s business community of how they can step up and give back to those in their community.