Biz Bash Inc

“Biz Bash is administered exclusively by the volunteer efforts of the employees of CoBiz Financial Inc. and its subsidiary companies. Biz Bash does not have any employees and does not compensate its volunteers, officers or board of directors nor are any such persons compensated by any other organization on behalf of Biz Bash. Accordingly, Biz Bash does not have a process for designating, reviewing and approving compensation.”

“Each director of Biz Bash is also an officer or director of CoBiz Financial Inc., the founding and ongoing presenting sponsor of the organization. No director or officer of CoBiz Financial receives any compensation for the volunteer services provided to Biz Bash. Members of the board of directors and officers of CoBiz Financial Inc. are encouraged to be involved in their communities and may participate on the board of other charitable organizations. No Biz Bash director was also a board member of the 2016 beneficiary charitable organizations, although such a relationship alone would not preclude an organization from applying or being considered by Biz Bash in determining eligible beneficiaries. Applying organizations with common a director(s) are subject to the same scrutiny in the application process as otherwise unaffiliated organizations, mitigating potential conflicts of interest. Additionally, Biz Bash limits beneficiaries to a maximum of two consecutive years of grants. To date, Biz Bash has not made a funding grant to any beneficiary organization more than twice.”

“The governing documents were amended on 7/7/2016 to change the name of the organization to Biz Bash, Inc.”

“The annual information return on form 990 is prepared and presented to the treasurer of the board of directors prior to filing with the irs. A review is made of, among other things, total support, reliance on large donors, public support ratios and grants made to the designated local charities. a copy of the return is made available to all other officers and directors.”

“Biz Bash makes its required information (IRS determination letter, governing documents, financial information, etc.) available to the public and will furnish such information, upon request. organization information is also available on the websites of the secretary of state for Arizona and Colorado, states where biz bash either files information tax returns or other registration information.”

“Gross income from dividends. Biz Bash may on occasion receive donations of publicly traded stock. Such donations are typically in shares of CoBiz Financial stock (NASDAQ:COBZ) and are made by individuals from their personal holdings in lieu of cash donations. Contributions of stock are recognized as contribution revenue at market value on the date of legal transfer. Gross income from investments relates solely to dividends received on shares of COBZ stock held at the time a dividend was declared. Investments are generally held for less than 1 year and are not intended to a significant source of income either through dividend earnings or market value appreciation.”

“The first step in identifying a worthy beneficiary organization is a review of the application/questionnaire local charities are required to complete. The application requests a variety of information including audited or reviewed financial statements and documentation of the applicant organization's contributions to the community. Biz Bash's aim is to make significant contributions to local charities who can make an immediate and meaningful impact in the community so consideration is given to the size of the beneficiary organization, overall funding levels, years of service in the community and the ability to effectively deploy granted funds. Biz Bash acknowledges there are many worthy organizations in the Phoenix and Denver communities and has established a policy whereby designated beneficiary organizations are eligible for grants for up to two consecutive years. The purpose of the limitation is to avoid routine contributions to the same organization which could cause an unhealthy reliance on the granted support and encourage applicant organizations who were not selected in any one year to continue to apply in future years.”