Banting Research Foundation endowment. A large bequest in 1948 from the estate of Kate E Taylor of Toronto added to the endowment. From its inception, the intent was to create a fund for researchers with "good ideas but no money", as was the situation for Banting when he approached JJR Macleod in 1921 with a request for facilities and resources to pursue his ideas about insulin. The Foundation continues that tradition by making grant funds available only to investigators whose research funding is limited. The Foundation was the first and virtually the only organization funding medical research in Canada until 1938 when the
Banting (crater) name the small craters around it with the same name followed by different letters of the alphabet. The new policy allowed deceased scientists who had contributed to biological knowledge, like Dr. Banting – as well as scientists from other fields and contributors to culture and knowledge, such as writers, composers, and artists – to have craters named after them. Previously, only the names of astronomers, others who had made important contributions to astronomy, and historical philosophers had been used. Banting is a "simple" impact crater. It is located in the Sea of Serenity, which is also known as Mare Serenitatis,