During times of natural disasters, often we don’t associate charity with corporations, in fact, according to recent data, in 2016 alone corporations donated over 19 Billion dollars to charitable causes and or foundations. Although monetary donations are great, often it takes more than writing a check to make a difference. Companies like Stream Energy are taking the challenge of innovating the way companies give back to the community. In the wake of the disaster in Houston left behind by Hurrican Harvey, only one company was on the ground ready to bring aid in any way possible to people.
With the help of their incredible associates and their foundation “stream Cares”, basic necessities such as toilet paper, women products and warm meals were provided. Stream Energy has made a name for themselves lately, their business model consists of having associates manage themselves in the spirit of entrepreneurship. Associates create networking groups within their community in order to provide people with fixed rate energy plans or mobile plans as well. Because of this many of Stream Energy’s associates create a bond with their customers which leads a majority of them to volunteer. Other than “Stream Cares”, Stream Energy also partners with other associations such as the Red Cros Of America and Dallas based Hope Supply.co which helps to bring meals and mentors to the homeless children around the Dallas area. In addition, Stream Energy purchases over a thousand water park tickets so these homeless children can experience a day of fun, something that unfortunately they never have the chance to do.
Due to all the efforts being put forward by Stream, many other companies are following suit. According to advisors, forming charitable organizations or foundations allow companies to have what they call a buffer in case any issues arise out into the public such as a scandal or low stock prices. Although not all companies are in it for the good of the community, there is no doubt that the end results are a win-win situation.