Paul Mampilly is an ex hedge fund manager and investor who was wondering about the state of other Millennials after looking around at the landscape. Because after all, we currently live in a world today where crazy and outlandish technologies exist: Anything is possible. Money can be transferred via Bitcoins, the digital currency which is unseesn. People walk around holding electronic devices and glued to the social networks. Where they drive electric cars powered by the sun in some cases and ride electric skateboards that require zero effort to exert.
It is truly a scene straight out of the Jetsons or some other futuristic cartoon, nevertheless Paul Mampilly didn’t want to get to the bottom of how many of his friends were secure for their retirement or who were starting to save for retirement at least. What do you found was at 45% of his respondents in his social media survey, but a little issue. What he found was that according to the National Institute of Retirement Services, a whopping 67% had no savings! The nirs defines a millennial As someone born between the years of 1981 and 1991, which puts them right now between the ages of 27 and 37 years old.
Accordingly, the response from his online survey were generally within the ballpark of the findings of the national survey, but either way as a whole the situation looks very bleak and so Paul Mampilly wanted to do something to help his friends and figure out the best way to help them. Asking around, Paul mampilly found that within his family, his aunt had a solution to the problem. His aunt recommended that he should find an employer with 401k matching so that whatever money he socked away for retirement, the employer would freely give that same amount towards his or her retirement.
In Dallas Texas, Stream Energy comes to the rescue after Hurricane Harvey, partnering with Hope Supply company and much, more. The efforts of the Stream Energy company have delivered effective and much-needed philanthropy. Not only did they relieve the discomforts and homelessness of their customers, they performed a full-on community outreach on many levels. They were featured in the Patch.com blog that talked about Stream Cares which is the Stream Energy corporate philanthropy project.
What is corporate Philanthropy?
In the case of Stream Energy, they developed a corporate strategy geared towards philanthropy. Stream Cares, is a division of that company that uses all appropriate resources to assist their customers in unusual ways. However, philanthropic endeavors by a local company will typically reach out to the community at large. They can do this in the case of an emergency as Stream Energy did with Hurricane Harvey in Dallas Texas or, they can choose a specific area of detriment and or neglect in their home town such as homelessness. In this case, Energy Stream did both.
What Energy Stream Does
They provide direct energy selling and mobile services. They pay their people to build a strong, local unity and trust between the community and the company. For over 4 years, Stream Energy with Stream Cares has worked in tandem with Hope Supply Company to bring the much needed things that homeless kids and parents need. This includes money but is not limited to it. They deliver diapers, clothing and school supplies to families in need. They also deliver experiences like a water park for kids and parents that are displaced or homeless as a fundraiser for the cause.
These acts are a part of a heart-based mission undertaken by Stream . They believe it develops a strong relationship with the community. In 2016, tornado’s ripped through Northern Texas and left people instantly homeless. The company, along with the Salvation Army matched the donations brought in by their associates and doubled them. This company also works to help veterans that are unemployed, homeless or displaced.
There’s no end to what this company had done to give back to the community and it’s expected that they’ll be more to come.