Stream Energy made the decision to launch their own side company labeled Stream Cares with the mission to help out the community even though they are a traditional electric and gas provider. Through the philanthropy, they have participated in many different events, donations, and funding over several years to assist the community. Some of the most well-known organizations that they have helped include the American Red Cross, Operation Once in a Lifetime, Habitat for Humanity, Cell Phones for Soldiers, and many others. They also have other other programs for different causes in Stream Opportunity, Women of Power, and Stream Green. Individuals can choose to be a part of Stream Energy by becoming a member through Stream Opportunity, selling their services to other customers by the tools given to them from the company. Anyone is free to join and has the opportunity to reap the profits. Next is Women of Power, which helps them utilize and bring out their strengths in business and make them leaders of the community. It was founded in 2010 and allows them great opportunities to listen to other speakers at events, attend workshops, and learn skills when it comes to selling and more. The last program that Stream Energy has is the Stream Green program with the mission to preserve the environment by selling energy through solar, wind, or hydro means. This initiative is available to both businesses and homes. As can be seen, Stream Energy has made quite an effort to provide people with the means to be successful and assist the community as best they could through the different programs or initiatives. Over time they have been able to expand their services to many different states since their founding in the year 2005 by two individuals named Pierre Koshakji and Rob Snyder, along with making a lot of revenue. They offer a lot to customers with their different home packages, insurance plans on products, and technological services.
Banks around the world have made it difficult for the struggling business owners to get approved for loans and even if they do get approved, they are usually with high interest rates. Equities First Holdings stepped up with stock based loans providing 3 to 4% of interest rate. While stock based loans have been non famous in the market because of certain incidents occurred in other banks, Equities have decided to let its customers enjoy them by reducing the interest rate, generalizing the purpose of use and making the loans non-recourse.
The firm expands in different parts of the world while taking a lead in stock based loans in Europe. Its accomplishments include upto 700 transactions where they have provided $1 million in American markets. This firm aims to make upto 2,000 transactions and providing more than $2 billion to clients.
Successful entrepreneurs such as James Dondero have been utilizing their skills to make a positive impact within the society. James Dondero engages in corporate philanthropy through his company- Highland Capital Management. He is the co-founder of the company, and he serves as the president thus enabling him to monitor the day to day operations within the Highland Capital Management. James Dondero utilizes his entrepreneurial skills to improve the Dallas Community. He has been working hand in hand with organizations such as Education Is Freedom, The Dallas Zoo, and the Family Place. Highland Capital Management has a branch that is responsible for dealing with philanthropy thus enabling James Dondero to engage in corporate philanthropy.
His business targets organizations within the society whose impact is influential and unique. Furthermore, each organization has a different course of action since they aim at positively impacting the community in different ways. One of his charitable acts, is such as when he issued $1 million that was used during the reconstruction of the Dallas Zoo. Initially, the Dallas Zoo was operational, and people would gaze at the hippos at their own convenience. However, when one of the hippos died, the Dallas Zoo was shut down, and it stayed that way for almost two decades. Some of the people residing in Dallas were not happy with the closing down of the Dallas Zoo, and most of them wrote letters that were in the form of complaints to the management at the facility.
People were usually fascinated by the natural attractions at the zoo, and they wanted it to be operational once more. After nearly two decades, the management of the zoo felt that they had to enact on the complaints that had been brought forth by the people of Dallas. Fortunately, the management team decided to restore the zoo, but their primary concern was the lack of capital. Their budget was estimated at $14 million, and they had to seek the help of well-wishers such as successful entrepreneurs James Dondero. Luckily, James Dondero donated $1 million. Other philanthropists also chipped in, and the capital needed to ensure that the Dallas Zoo was once more operational was at hand. The people in Dallas can now visit the Dallas Zoo to watch the hippos courtesy of James Dondero and other philanthropists.
Hurricane Harvey is one of the costliest tropical cyclones that ever touched the ground, especially in the Houston metropolitan area and Southeast Texas. The hurricane dropped strong rains, which destroyed properties and took the lives of a lot of people and animals. Recovery will be hard because it would take a lot of resources and time to get back again. A lot of people and organizations, including Dallas-based Stream Energy, sent all the help they can give to the victims of the hurricane.
Stream Energy set up its corporate philanthropy in action. By selling energy, the company launched its first-ever charity foundation, the “Stream Cares”. Stream Cares are here to do something that Stream has done in more than a dozen years, albeit now more formalized and solidified.
The company is set to help out the heavily struck Dallas, one of its major customer base. Stream Energy is giving the help that its customers needed in order to stand again. In this case, its philanthropy, and their means to strengthen their brand is to give more money more than they received.
By launching Stream Cares, Stream Energy sees this as a win-win opportunity to give back to the community while getting respect and loyalty from potential clients. This practice has been seen in a lot of American companies over the past few years. According to Patch, corporate America is extraordinarily generous, giving $19 billion to charities all over the country and abroad. This will be another badge for Stream Energy in their philanthropy works. They are known to be in long-term relationships with Habitat for Humanity (a charity involved in efforts to build “simple, decent, and affordable” housing projects) and the Red Cross (an international humanitarian company focused on protecting human life and health).
How your credit score can cost (or save) you more money this year https://t.co/81zY65DygI
— Stream (@MyStreamSocial) January 4, 2019
Stream Energy (commonly known as Stream) is one of the leading direct selling energy companies in the US. The company was founded in 2005 and has been running energy services in New York, Illinois, Delaware, Pennsylvania, Georgia, Ohia, Washington D.C, New Jersey, Maryland, and Texas. It is one of the Top 10 Most Trusted Retail Electric Providers. It has been generating $8 billion in revenue since its foundation.