Dallas-based energy company Stream Energy was profiled on Patch.com in an article covering their new philanthropic arm, Stream Cares, launched in the wake of Hurricane Harvey’s displacement of numerous Houston residents, including customers of Stream Energy.
While corporate charity is not a new phenomenon, the article points out that the creation of a separate philanthropic arm for a company is a relatively new innovation, and provides the dual advantages of aiding the serviced community while also revolutionizing the image of the company in the eyes of the public. With Hurricane Harvey having deposited as much as 56 inches of rain in Houston alone, the formation of Steam Cares comes at a time of need for many who have had their lives drastically altered.
The direct-selling energy company has been heavily involved in philanthropic efforts for the majority of its fifteen-year existence and has in the process formed strategic partnerships with lauded organizations such as the Red Cross, the Salvation Army and Habitat for Humanity, as well as Dallas-based charity Hope Supply Co., which works to provide hygiene items, food, clothing and education supplies to homeless children. Stream has also displayed its dedication to charity in the wake of numerous preceding natural disasters, including in its aid of people affected by a series of tornadoes that hit North Texas in late December 2016.
Stream Energy was founded in 2005 by entrepreneurs Rob Snyder and Pierre Koshakji, designed to provide affordable energy services, sold to customers by in-person contractors. Currently boasting an employee count of more than 200 people nationwide, Stream Energy services neighborhoods in seven of the country’s most populous states, including New York, New Jersey, Washington D.C., Pennsylvania, Georgia, Maryland and Texas, where the outfit is headquartered. The company has also expanded its range of provided products and services to include wireless, home and protective services.
Recently, Sam Tabar was named the chief operating officer for the successful FullCycle Energy Fund. In this corporation, he will be required to develop and implement a fund management strategy. While accepting the appointment, Sam said that he would partner with the talented senior leadership team of the corporation to deliver its mission of providing clients with environmentally friendly fuels.
According to Bloomberg, over the years, Sam Tabar has spent much of his time creating and overseeing the budget strategies of various financial institutions. As the chief of capital strategy at the renowned Bank of America Merrill Lynch, Sam played a pivotal role in providing fund managers with introductions to various institutional investors such as large family officers, foundations, fund of funds, pensions and endowments.
Previously, he worked for Sparx Group (PMA) as a co-head of marketing. In this largest independent fund, which is based in Asia Pacific, Sam Tabar was responsible for the company’s marketing efforts around the globe. In addition, he has rendered his services for Schulte, Roth & Zabel as well as Skadden, Arps Meagher, Slate & Flom, both of which are prestigious law firms.
As an associate, Sam Tabar provided clients with adequate counsel on hedge fund, formation and structure of funds as well as regulatory and compliance issues. The graduate of the esteemed Oxford University holds a Masters of Law from the revered Columbia Law School. Notably, Sam was the editor of the widely read Columbia Business Law Journal. Presently, he is an active member of the New York State Bar.
He has invested in Tribute and SheThinx, a start-up that uses its proceeds to empower women around the world. Through its noble social mission, Thinx has provided many women in Africa with sanitary pads.
This is because most of them cannot afford to buy these towels considering that they come from poor backgrounds. However, with the help of this corporation, these women can go to school, fend for their children and undertake all other duties without worrying about their menstrual periods.
Sam invested in this company owing to its transformative business model. He has an active online presence. Sam loves hosting different events and travelling.