Many Houston residents were taken by surprise when Hurricane Harvey brought enormous death and destruction to the region. The hurricane brought with it enough heavy winds and water to destroy many hemes and take many lives. After the storm, the company Stream Energy took a leading role among other businesses in the community in the rebuilding process. For over a decade, Stream Energy has performed multiple acts of philanthropy to better its community. The company recently opened a branch to the business called “Stream Cares”. This branch was established to seek opportunities to provide acts of charity to the Texas region.
Not many companies have a branch of their business dedicated solely to philanthropy. A growing number of corporations are seeing it as a method to improve their reputation. This allows corporations to give back to their local community and can increase the respect they receive. This could make the company more profitable because this could increase their customer base. Many corporations ensure that the acts of charity they perform in the community are well publicized. This could fix a company’s tarnished reputation if they are going through a scandal or could help if the company is going through financial hard times.
“Greed” is the word that is often associated with corporate America but corporations in the US are very generous. In 2016 it is estimated that charities around the country received over $19 billion and this figure does not represent the money that corporations give to scholarships or other deeds in their communities.
Some of the organizations that stream Energy works with closely are Habitat for Humanity and the Red Cross. All the associates at the company are extremely passionate about helping the homeless in the community. One event the company has participated in for the past four years is the “Splash for Hope”. It is an event where money is raised so a thousand homeless children can have a fun day at a water park. The associates at Stream Energy also raise money and collect items that the children desperately need. Many of the children have never been to a water park before and they appreciate the experience.