On April 12 of 2016, Stream Energy announced the launch of Stream Cares, the philanthropic arm of the company. The announcement was made at the company’s convention, Stream Ignition, and was followed by Independent Associates and Stream Energy employees raising $3,000 through donations and T-shirt sales. These funds were then allocated to the appropriate avenues through the new Stream Cares program.
“We’ve been working on this program behind the scenes for a while now, and Ignition felt like the perfect way to announce it to our Associates and employees. We look forward to giving together in order to change the lives of many,” said Kimberly Girard, Senior Manager of Manager of Community Relations and Events of Stream Energy. “We’re an organization with heart, and we plan to consistently identify new and strategic ways to give back –especially ways that tie in with the efforts of our Associates.”
Founded in 2005 by Pierre Koshakji and Rob Snyder, the Dallas-based company has grown to be more than just an electricity and natural gas company. Today, Stream Energy is one of the largest direct selling companies in the global energy market. With the energy market deregulation, Stream Energy took advantage of retail energy suppliers purchasing wholesale energy and competing to offer consumers a variety of supply plans.
The success of the company can be seen through the more than $8 billion in lifetime revenue it has generated over its 13 years of existence.
However, the company has also seen the importance of giving back and using its success for good. Thus, Stream Energy created Stream Cares to strategically support and fund causes that do good. When the philanthropic program was founded, it focused specifically on giving back to members of the military and their families.
Through the years before the creation of Stream Cares, Stream Energy partnered with many incredible organizations to support various causes through special events and direct funding. The events and funding have benefited organizations such as Girls, Inc., Texas Tornado Benefit and Habitat for Humanity. An example of this was Stream Energy’s rapid response to aid tornado victims in Texas in 2016. The day after Christmas, several tornadoes touched down in North Texas, and Stream Energy employees and Independent Associates immediately took action. Employees and Associates worked directly with the Salvation Army to raise thousands of dollars to help those who lost their businesses and homes. Stream Energy then matched those funds, doubling the donation.
In 2016, Stream Cares worked with organizations such as the American Red Cross Services to the Armed Forces (SAF) Giving Program, Operation Once in a Lifetime, and Cell Phones For Soldiers, to name a few.
One of Stream Cares’ first undertakings was participating as a platinum sponsor in Craig Miller’s 24th Annual Swing for Hope Charity Golf Classic which took place on April 18, 2016. The charity golf event benefitted homeless children in the Dallas area by providing basic necessities through Hope Supply Co.
“Stream Cares has been working with Hope Supply Co., formerly Captain Hope’s Kids, for years, and it’s a worthy cause that’s very near and dear to our hearts. We’re very excited to have a group of our team members and Associates participate in the event,” said Kimberly Girard, Ssenior Eevents Manager at Stream Home.
Stream Energy continues to support Hope Supply Co. through an annual event called Splash for Hope. At this event, Stream Cares sponsors hundreds of homeless children and takes them to a water park, gives each child a pair of flip-flops, a hat and the opportunity to enjoy a nice picnic lunch. Stream Energy employees have the unique opportunity to deliver an experience of a lifetime as, for many of these children, this is their first time at a waterpark. In addition, money and supplies are also given to those in need.
“It is so rewarding to see the smiles on the children’s faces as they explore Hawaiian Falls for what might be their first time at a waterpark. The day is filled with fun for everyone, and it wouldn’t be possible without generous sponsors like Stream,” stated Brenda Cannon, Vice President of Mission for Hope Supply Co.
In 2017, the effects of Hurricane Harvey caused catastrophic rainfall which triggered flooding in the Houston metropolitan area. Over the course of a weekend, torrential flooding devastated the region, inflicting over $125 billion in damage. The flooding also took several dozen lives, forced around 30,000 people from their homes and caused 300,000 power outages. Since Stream Energy is a Dallas-based company, the effects of the hurricane hit close to home and Stream Cares rushed to donate $25,000 to the American Red Cross Disaster Relief Fund.
“We established Stream Cares to help people who experience homelessness in all its forms. That includes natural disasters,” said President and CEO Larry Mondry. “We are absolutely committed to supporting the American Red Cross as they bring relief to those affected by this historic storm, including the thousands of Stream customers in the area.”
In addition, Stream Energy continued to collect additional donations which included food and other supplies to aid the relief efforts. When asked about their efforts, Larry Mondry said, “this cause is especially close to our hearts as it impacts our Stream family in Houston and surrounding areas. We’ll continue to monitor the situation and provide support to our customers there. We’re with you.”
Through Stream Cares, Stream Energy not only continually aims to provide customers with affordable electricity and connected life services but to also provide hope and support for those in need.