During the Hurricane Harvey when more than 56 inches of rain destroyed Houston and its neighborhoods, many companies in the United States and beyond were stranded as the floods claimed lives and destroyed the property of many Americans. However, a few companies took part in helping the victims to recover after the floods. A Dallas based company called Stream Energy was in the forefront, it spent money it has acquired from its investments and energy sakes to fund the recovery process. The donation was also meant to ease the financial needs of their customers who lived in the area.
Corporate philanthropy is part of Stream’s DNA. The company established a charity foundation called “Stream Cares” in the recent past. The foundation is meant to formalize the philanthropic activities of the company in Texas and other parts of the country as well. Stream Energy has been involved in charitable activities for a couple of years. In the Hurricane Harvey case, the company demonstrated how the company deems corporate philanthropy as a major facet of its brand. Establishing a distinct philanthropy arm is a new spectacle for corporations and other business enterprises. Moreover, the act provides dual advantages to the company. While giving back to the community, Stream Energy also earns the respect as well as the loyalty of its customers and prospects in the area. Corporate philanthropy often highly publicized and it is helpful in the events of low profits and scandals.
In retrospect, Corporate America is highly generous. In 2016 alone, businesses in the United States donated approximately 19 billion U.S dollars to several charities in the United States and beyond. Stream has also been active in grassroots donations by partnering with humanitarian organizations like the Red Cross Organization and Habitat for Humanity. Stream Energy has a simple business model that involves selling its products directly to the consumers and paying its associates to deliver its products to their clients and create a group of loyal customers. Stream Energy offers residential as well as corporate services that range from clean energy to telemedicine. Stream associates often earn commissions proportional to their sales. The company is improving the Dallas and Texas communities through corporate generosity and dedication to help the less fortunate people in the community.