A large number of Americans experienced a major loss with the occurrence of the Hurricane Harvey flooding their residential homes, neighborhoods and the firms they worked in destroyed. Pets were lost to the 56-inch rain. Stream Energy, a firm based in Dallas, made use of its monetary earnings obtained through successful sale of energy business transactions, to help those affected by the Hurricane Harvey.
Corporate philanthropy is a portion of Stream’s DNA. Stream Energy is an energy-based company that performs its business operations through direct selling. Recently, Stream launched Stream Cares, a charity foundation that creates awareness on its formality in philanthropy around the state of Texas and across the country. This exercise has been a culture in the company for over twelve years.
Setting an example on behalf of Dallas based corporations, Stream Energy showed their balance between the brands philanthropic work and its charity to the Hurricane Harvey victims. Their support showed that their contribution to help those affected by the Hurricane Harvey was more than just monetary donations. A business firm coming up with a different philanthropic concept benefits a lot from the phenomenon. For instance, the firm gets an opportunity to give back to its community while still being respected and earning loyalty from the public as well as interested clients.
The act of corporate giving is characterized as profiled and publicized to a greater extent. It steps in as a buffer in the event of scandals, layoffs and a decrease in profits. From a statistical point of view, America as a corporation is widely generous. Nineteen billion worth donations were made in 2016 by businesses through several charities in America as well as outside nations. These donations are exclusive of sponsorship from corporations, employee donations in terms of effort, money and time, and cause marketing.
Stream Energy has its own business model which works in a simple way. Associates of Stream Energy are paid to create a network of clients who are loyal, and make a delivery of services and products through direct selling ranging from mobile device plans to energy at a fixed rate.