Philanthropy is part of the culture at direct-selling energy company Stream Company for over a decade. The volume of charitable activity has overwhelmed the informal system they had in place, making it clear that they needed a formal organization in order to move forward. Now Stream energy is announcing the opening of a new office, Stream Cares, a foundation to structure and organize the company’s charity in Texas and throughout the country.
This is common for most American companies. Back in 2016, $19 billion was given by corporations across the United States. That’s a figure that doesn’t cover sponsorships, marketing, or the time and money coming directly from employees. But the creation of a foundation with a company, that is rather uncommon.
Stream Cares will hit the ground running, keeping charity commitments in place while also renewing focus on causes that impact local communities. Stream Energy also sees this new office as away to increase the company’s profile to its customers as a company that has invested in their quality of life.
National organizations have already worked with Stream Cares, like Habitat for Humanity and the Red Cross. Those sorts of partnerships are helpful in extending the reach of a charity on a national scale, but Stream Cares is turning its attention to grassroots organizations that are looking at ways to help local communities that are known to the company.
Dallas, one of Texas’ most populated cities, has a homelessness problem. The number of people without secure living situations has increased 24%, and Stream Energy wants to play a part in helping them off the street.
Stream Cares sought out the Hope Supply Co., dedicated to helping homeless people in Northern Texas. The two foundations held A Splash of Hope, an event for homeless children, where 1,000 were invited to a local water park to spend the day with volunteers from Stream Energy. There was also financial aid and resources for them to take back to their families.
Texas is new to the idea of a foundation like Stream Cares. This is a state that has gained a reputation of lacking generosity. When compared to other states, Texas continually ranks last in charitable giving. Stream Cares is a foundation that can change all that by giving the business community an example of how to care for their home state.