Category Archives: Investor

Stream Cares Reaches out to the Dallas Community

The social responsibility movement is being driven by millennials and companies are quickly delving into corporate social donations in order to garner more clients from different sectors. Numerous corporations have developed strategies that can help them indulge in giving back to the community. One such company is Stream Energy.

Background Information

Stream Energy was formed with the intention of providing clients with gas, energy, and other home services. The firm serves about seven states including New York and Georgia. Its services are available nationwide, and they are easily accessible. It also uses multilevel marketing as the main business model.

The Patch Article

Apart from providing energy services, Stream Energy values corporate social responsibility. A prime example is when Hurricane Harvey attacked Dallas, Texas and companies flocked into the community to support the victims who either lost property or their loved ones in the natural disaster. In an article posted on Patch.com, Stream Energy is issuing its support to the victims of Hurricane Harvey by rallying employees to support their community as well.

Philanthropic Activities

Stream Energy has an independent foundation that offers charity services. Stream Cares was formed to support different charitable foundations that can support the community as well. The organization has also partnered with Habitat for Humanity, a firm that helps families construct new houses alongside repairing existing homes. This organization provides voluntary labor as well as affordable mortgages. It also offers families affordable equity.

More Philanthropic Activities

Additional organizations Stream Energy has worked with include The American Red Cross. It offers emergency assistance and disaster relief to the country. Besides, in 2016, this company became a partner with The Salvation Army. They raised money for victims of the tornado in North Texas. This donation was doubled and the contributions matched by the associates. Moreover, through a partnership with Operation Once in a Lifetime, the organization helped veterans from Dallas. Their families also received this support.

Overview

Perhaps it is also important to note that the company has also supported a lunch event for veterans. Employees served them burgers and steaks in a Texas steakhouse. From the number of philanthropic activities Stream has been involved in, it is clear that it cares for its community.

 

How Stream Energy Takes Action Within the Community in Times of Need

Stream Energy is known for the many services it provides to its customers, which includes not only services for energy, but also for wireless connections and protective home services. This leader in the energy field was recently the topic of an online article that featured its new philanthropic foundation. Known as Steam Cares, this foundation recently stepped up to help victims after Hurricane Harvey created a path of destruction that left many people homeless in the Dallas area.

When Hurricane Harvey hit the southwestern region of the United States it not only delivered 56 inches of rain, it also created devastating effects that destroyed homes as well as people’s lives. The active role Stream Energy took in helping these individuals rebuild their lives is in keeping with the company’s philosophy on philanthropy. As a company that has been contributing to charitable efforts for more than 10 years, it came as no surprise to see them launch their own caring foundation. The new Steam Cares foundation simply formalizes the company’s process of helping.

The process of creating a separate foundation specifically for the purpose of aiding charitable efforts, is something that is relatively new to the corporate world. As the leaders at Stream Energy have seen with the community involvement after the fatal blow struck by Hurricane Harvey, this type of foundation has many benefits. Not only does it allow a company to give back to their community, it also helps them gain the respect of the general public, which could lead to the acquisition of new customers.

The help Stream Energy provided to the community of Dallas after Hurricane Harvey, is just one of a long line of charitable efforts put forth by this company. Stream is currently partnered with Habitat for Humanity and the Red Cross, where it helps stimulate action for giving at the local level. This company also takes action against homelessness in the Dallas area by partnering with an organization known as Hope Supply Co. With a 24 percent increase in the city’s homeless population, Hope Supply helps provide clothing, diapers and school supplies to homeless children.

GreenSky Credit-A Valuable Financial Technology Lender

GreenSky LLC (formerly called GreenSky Trade Credit, LLC) was founded in 2006 as a financial technology organization based in Atlanta. It offers technology services to merchants and banks for making loans to customers. The loans could be for healthcare, home improvement, and solar purposes. GreenSky credit program gets its funding from state-chartered, federal, and federally-insured financial companies. GreenSky credit program has lent about $5 billion from 2012 to 2016.

How does the company operate?

GreenSky company exists among fintech companies such as Lending Club Corporation since it doesn’t spend its capital on loaning processes. The company makes loans available through its GreenSky mobile app to its merchant customers ranging from retailers to self-contractors who deal with items like furniture as well as advancing home services such as window replacement and roofing. GreenSky Credit firm offers other services such as elective medical procedures and the use of credit cards to cater for the enormous projects from its customers. It provides loans to its customers at a fixed period and a fixed interest rate which has contributed to its business expansion.

Capitalization and valuation

The organization was started in 2006. In 2016, the company generated a capital of $50 million and established a lending plan of $2 billion with Cincinnati’s Fifth Third Bancorp. The move led to GreenSky being rated at $3.6 billion, an improvement in its valuation since its 2014 $300 million fund-raising round. The earlier rounds included investors like QED Investors, TPG, Iciniq Capital, Wellington Management, and DST Global.

The valuation of GreenSky Credit in 2016 groups it among the most valued privately owned startups in financial technology. In 2018, the company set its IPO stipulations to 34.09 million stocks at $21-$23.

Employment and management

Currently, the firm has employed at least 1000 staff. The main representatives include;

  • David Zalik- co-founder and CEO since 2006
  • Tim Kaliban- Chief Risk Officer and president
  • Gerry Benjamin- Vice Chairman

An overview of David Zalik

Mr. David Zalik serves as the CEO and Co-Founder of GreenSky, LLC. He is also the Chairperson of the Board of Directors. Mr. Zalik has also co-founded other organizations like Phoenix, LLC, The Rockbridge Commercial Bank, and The Resource Institute. At RockBridge Commercial Bank, David Zalik was a Director. He worked in the Board of Directors on the Marcus Community Center, Hands on Atlanta, and the Jewish Federation of Greater Atlanta.

Mr. David Zalik is a qualifier for 2016 Entrepreneur of the Year. Other awards he won include;

  • 2000- Abe Schwartz Young Leadership Award
  • 2003- Catalyst Year’s Entrepreneur Award

https://en.wikipedia.org/wiki/GreenSky

Adam Milstein- Philanthropist and Author

Anti-Semitism is one of the greatest threat that faces the Jews. The hate against Jews has been a huge problem especially in the Middle East where radicals feel the Jewish State of Israel is occupying their land illegally. Anti-Semitism has also been used as a tool of oppression against the Jews. It contributed to the Holocaust- one of the worst occurrences in the history of the Jewish Community. Radical Muslims and the radical left have mainly propagated this hate. Lately, it seems to be also a thing for radical rights. The three groups have different beliefs, values, and ideologies but they seem to be brought together by hate and bigotry they have against the Jews. It is interesting that radical left has turned a blind eye to the bigoted ideas of the radical Muslims and have decided to work closely with now.

Radical Muslims stand for everything the radical left does not subscribe. Radical Muslims are all about themselves. From treatment of minorities and women to their belief in the superiority of their religion, they seem to be against anything related to the West. To them, Israel is an oppressor targeting Muslims. They believe, the Jews are the cause of all the problems that face the Middle East and the only solution to the problems is eliminating the Jews.

The alliance between the radical Muslims and radical left’s seems to be gaining momentum even in the west with any anti-Jews movements being established especially among college and university students. The anti-Jews crusaders are operating a movement known as BDS. The movement is advocating for alienation of Israel by boycotting anything that is from the country. There have been some boycotts for Israeli goods and services in European countries. This article is recapped from the work of Jewish philanthropist and an advocate of war against anti-Semitism Adam Milstein.

Adam Milstein

Adam Milstein is a philanthropist, a Jewish community leader and an author with various Jewish publications. He lives in the United States where he operates a real estate business. He is a passionate supporter of Jewish initiatives and advocates for a strong generation of Jews who will combat the challenges of anti-Semitism. Adam Milstein spends most of his time now in philanthropy and advocating for Jews rights to be respected. He has authored numerous articles exposing anti-Semitism activities around the world, and especially in the west.

http://blogs.timesofisrael.com/author/adam-milstein/