Hurricane Harvey is undoubtedly one of the most devastating natural calamities in American history. The early-2018 hurricane enormously swept properties across Houston and its neighbourhoods, while companies were watching helplessly. Worse of it, people perished as others lost their homes. Nevertheless, the Dallas-based Stream Energy took the step to bring hope to the affected residents through their philanthropic passion.
In as much as the presence of Stream Energy during the deadly storm brought the company to the limelight, few people knew that the company had already established an organized corporate philanthropic mission of aiding the community. The successful energy firm launched a separate arm to deal with this mission. The division, Stream Cares, alleviates Dallas homelessness by funding and partnering with other charitable organizations such as Hope Supply Co. This kind of business model is a relatively new model in business set-ups but carries double profits.
Across America, it is usual for brands and high-profile politicians to engage in philanthropic missions with the aim of establishing a compelling status from the public. However, such activities mainly cover financial aids. For instance, businesses in the US spent about 19 billion USD in charity funding in 2016. But Stream Energy has raised its status higher. The direct-selling company has made it clear that philanthropy and giving back to the community is part of the firm’s DNA – its employees and executives are going to the extent of spending time with residents besides funding charities.
Apart from the trivial reasons of building loyalty and brand status, corporate philanthropy helps companies, which are passionate with generous giving back, take advantage of the organized structure. Kimberly Girard, Stream Energy event manager, describes the company as an organization with heart. In addition, the Stream Care foundation helps the company’s staffs meet with its actual customers and device new strategies of giving back.
Even though most surveys rank Texas among the least generous US states, Stream Energy is keen to outturn these surveys through the company’s generous model. Its distinct role in the world of philanthropy is not only vital in uplifting the lives of Dallas residents but also residents of the whole state. And according to the company’s mantra, philanthropy is part of office days.
The former owner of the Atlanta Hawks, Bruce Levenson has recently sold his controlling stake in the NBA franchise to billionaire Tony Ressler. The sale comes after a shift in the interests of Levenson saw him become more interested in the community and charitable programs he has become interested in during recent years. The move towards community based work has been a major part of the life of Bruce Levenson in recent times, which has seen him step away from the NBA team he has led from the bottom of the standings to the very top of the regular season seedings.
Bruce Levenson has produced a large number of businesses that have shown how his skills and experience with all things technological have shaped his career and personal life. Levenson first came to prominence as the co-founder of the Oil Express newsletter, founded when he was working as a journalist for The Washington Star. Upon establishing the newsletter the approach taken by Bruce Levenson towards analytics and news gathering differed from his rivals and saw the Oil Express become the top provider of news and analysis for the oil industry. Levenson was then instrumental in the foundation of the United Communications Group, now better known as UCG, which expanded the analytics provided to a number of different industries.
After finding success in the real time analytics industry, Bruce Levenson looked to assist the Atlanta Hawks in their quest to win a second NBA Championship following the 1958 Championship of the franchise. Levenson had become an important part of the NBA landscape by the time he sold the franchise in 2015 for a reported $830 million. As the sale of the franchise was completed Levenson was forced to give up his position on the NBA Board of Governors and to halt his active participation in the NBA based programs provided by the Make A Wish Foundation.
Despite the time and effort leading the Atlanta Hawks has demanded from Bruce Levenson, the chance to explore the philanthropic activities available in Maryland with his wife, Karen has become a major part of the life of the founder of UCG. After discovering more about the experiences of his mother in law during the World War II Holocaust, Bruce Levenson became an important part of the establishment and construction of the U.S. Holocaust Museum. Following the establishment of the U.S. Holocaust Museum the Levenson family became an important part of the philanthropy program established at The University of Maryland. Philanthropy has become an important part of the life of Bruce and Karen Levenson as they seek out the best ways of assisting those in society who are in the most need.