Philanthropy Comes Natural to Stream Energy

Stream Energy has made philanthropy an intrinsic part of its corporate philosophy. Its desire to help others has always been important to the Dallas-based company, but its specific goals were greatly enhanced with the creation in 2016 of its Stream Cares Foundation.

American corporations are known for their altruism, with businesses donating nearly $20 billion to the charities of the world in 2016 alone. In addition to direct donations, corporate sponsorships and employee donations have helped countless causes in the United States and elsewhere. Among states, however, Texas is not known for its generosity. Stream Energy is attempting to change this through a series of philanthropic activities.

Some assistance is directed at other parts of the country, although much is concentrated within the borders of Texas. This was the case when Hurricane Harvey inundated Houston with more than 50 inches of rain in August 2017. Stream Energy soon arrived to offer assistance to those affected, using its funds to speed recovery efforts and to reduce the costs of customers who lived in the area. The previous year, the company was involved in the aiding of tornado victims in Texas.

Humanitarian assistance is often needed outside the sphere of natural disasters. Concern over the homeless crisis in Dallas prompted Stream Energy to launch a partnership with Hope Supply Co., which is known for providing needy children with clothing and other necessary items. Working together, the two firms sponsored a “Splash for Hope” event, giving more than 1,000 homeless children a chance to visit a water park.

Stream Energy is also committed to helping those in uniform and military families, with its “Operation Once in a Lifetime” providing financial and personal assistance to veterans living in the Dallas area and its “American Girl Doll Experience” program directed at the daughters of American service personnel.

Established in 2005 by Rob Snyder and Pierre Koshakji, Stream Energy provides energy and related services to seven states, including Texas, and to the District of Columbia. It employs direct sales principles, with company representatives being paid by commission and also selecting which charitable cause to receive assistance.

https://www.nasdaq.com/symbol/streamenergy/press-releases

Leave a Reply

Your email address will not be published. Required fields are marked *