In August of 2017 residents of Houston, Texas were confronted by Hurricane Harvey. The hurricane swept through the area bringing unimaginable levels of rainfall. The heavy rain caused many areas to become flooded. Many unfortunate people lost their lives and their homes. One of the first companies in the region that stepped up first to assist in funding for the rebuilding of the shattered community was Stream Energy. Corporate philanthropy is at the very core of the culture in the company. Employees and the executives of the company have all put an effort to give back to the community. Stream Energy has given back to the community for several years but they recently started a new charity called “Stream Cares”. The advantages for Stream are they can give back to the community and they will earn greater respect and recognition from the public and potential clients.
It is common that when a company does a charitable act, they make sure to broadcast it, so the public is fully aware. This can benefit a company in recessions, when revenues may drop, or they must lay off some of the staff. Many people have an image of greedy corporations who only care about profit margins. In truth, corporate America is very generous and corporations across the US gave over $19 billion in total to various charities in 2016.
Stream Energy has a very easy-to-follow business model. They pay their employees to build a network of satisfied and loyal clients and can offer a myriad of services and products. It is possible that associates that perform well in sales can earn commissions. It is often the associates who pick a charitable cause that they are passionate about. Among all the members of Stream Energy, they all feel strongly about homelessness. Every year Stream partners with Hope supply company and they feed over a thousand homeless children and take them to have a fun day at a water park. Supplies and money are also donated for the cause.