Stream Energy, A Model of Corporate Philanthropy

Stream Energy, a Dallas-based energy company, is living the reality that philanthropy and business can go hand in hand with its Stream Cares Foundation. Stream energy used money from its very successful energy business to be one of the first to fund recovery from Hurricane Harvey and at the same time relieving the financial burden of its customers. When Hurricane Harvey flooded Houston neighborhoods extensively with up to 56 inches of rain, causing the loss of lives, homes, and much displacement, Stream Energy leveraged philanthropy and charity to not only raise much money for relief but making this kind of giving back a major part of their brand.

Philanthropy isn’t new to Stream Energy, as the company has been been involved in many philanthropic projects for more than twelve years. More recently, Stream Energy launched Stream Cares Foundation to certify its continued philanthropy not only in Texas but all throughout the United States. Adding a separate philanthropy arm to the business has a two-fold advantage: the company gives back to the community, while at the same time encourages new and loyal clients and the respect of the public.

They also have long standing relationships with Habitat for Humanity and the Red Cross in addition to driving local philanthropic projects and giving. Another major cause that Stream associates have is helping the homeless in Dallas. In a partnership with Hope Supply Co., both companies provide supplies and cover the cost of meals for more than 1,000 homeless children in North Texas at the annual event Splash for Hope. In their partnership with Hope Supply Co. for more than four years, they have provided much-needed supplies to homeless children such as clothing, diapers, and school supplies.

Stream Energy also aided Texas tornado victims in 2016 when North Texas experienced several tornadoes the day after Christmas. Working with the Salvation Army they raised thousands of dollars, and as a direct selling company were able to match funds and double the donations brought in by employees.

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