Stream Energy And The Care They Provide Within The Community

The city of Houston was not spared from the devastating effects of Hurricane Harvey. People all over the country watched as the storm brought destruction that ended up taking many lives and destroying numerous homes. Stream Energy was one of the first company’s in the region to step up and assist in the recovery efforts after the storm. The company worked with is clients who had ended up experiencing financial hardship due to the storm. Stream Energy takes pride in that they have practiced philanthropy as a company for many years. The company recently opened “Stream cares”, a branch of the company that is dedicated to works of charity.

Stream Energy starting a corporate branch in which the sole purpose is to do philanthropic deeds is unique in the business world. This provides two main benefits for the company. They can help make their community a better place by giving back and they are able to increase the respect they receive from members all through the community. It gives them a chance to potentially add brand new clients. A company going through extreme hardships can use acts of philanthropy to boost the company’s image and get them back on track. Statistics show that corporate America is extremely generous, and it is estimated that they gave over $19 billion to charities all over the country in 2016.

Stream Energy has spent several years working with Habitat for Humanity and the Red Cross. The management works with the employees in a combined effort to aid in the local community. The management encourages its employees to help the community in ways that they have strong feelings for. The employees at Stream Energy all agree that helping the homeless in the community is important.

Stream Energy teams up with Hope Supply Company to help give homeless kids the time of their lives. The event involves paying for over a thousand homeless children to go to a water park. The food and cost to get inside the park are covered. This is usually an extremely incredible experience for many of these children because most of them have never stepped inside a water park. The associates of the two companies also collect money and supplies to provide further assistance to the children.

Tony Petrello Has A Long History Of Philanthropy

Tony Petrello, CEO of Nabors Industries, is known for his philanthropy. He has helped many charitable organizations. His daughter suffers from a neurological disorder called PCV that affects her ability to eat, drink, chew, walk, and speak.

The eight year old began chewing her food last year. Now, she is able to eat meals. It took time and straining for her brain to recognize the signals and patterns of chewing. Her illness gave Tony inspiration, to donate to the medical community, to help find a cure. Tony and his wife donated $5 million to research.

His daughter, Carena, born premature developed PVL. It is a common illness among premature babies. This illness develops because oxygen does not reach the brain. She weighed only 20 ounces, and her brain did not receive enough blood. The illness turned into cerebral palsy, a disease, that causes problems with motor skills and coordination.

Tony and his wife prayed daily for a cure for their daughter’s illness. When they contacted a number of medical centers about research for her condition, they found out that not enough was being done. Carena goes to Texas Children’s Hospital for treatment of PCV according to

This hospital has the Jan and Duncan Neurological Research Institute. This organization raises money for research for neurological disorders. Tony and his wife gave a generous gift to this organization. Tony Petrello has two degrees. He has a degree B.A. and M.A in math from Yale University and, a law degree from Harvard.

When he attended Yale University, he met math professor Serge Lang. They became good friend. When Serge Lang passed away, Tony donated $150,000 to create an endowment fund in his memory. He helped victims of Hurricane Harvey in Houston by providing relief. Workers from his company Nabors Industries, took time off to help victims where ever they were needed.

They installed site kitchens in neighborhoods to cook three meals a day for hurricane victims. He paid workers in his company for donated time. The company raised $173,622 in relief donations. His organization the Nabors Charitable Foundation has donated over $3 million in educational scholarships to children.

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