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
Highest and best use the highest and best use is the commercial lot use. The market value of the property is driven by this hypothetical conversion, even if it never takes place, due to the utility that this potential conversion would bring to a purchaser. The economic concepts of utility and substitution drive the highest and best use analysis. The highest and best use of a property determines its utility to a potential purchaser. A purchaser will pay no more for a property than a competing property with the same utility would command, while a seller would accept no less than another seller of