Banting Research Foundation Banting Research Foundation The Banting Research Foundation is a registered charity whose object is to fund health and biomedical research in Canada. It was established to support the ongoing research of Frederick Banting and his associates. The Banting Research Foundation was created in 1925 to commemorate the discovery of insulin and to support further medical research by Banting and other scientists in Canada, in the hopes of finding additional medical discoveries of equal importance. A fundraising campaign in 1925, led by Sir William Mulock, Chancellor of the University of Toronto, raised $500,000 from individual and corporate donors to establish an
Highest and best use use as improved" may be for continued use as a single family residence. If the value of the commercial lot as vacant in "House B" exceeds the value of house as a residence as improved plus demolition costs, the overall highest and best use of this property would be the "as vacant" value of the commercial lot. For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot of $250,000 with a cost to demolish the house and prepare the site at $25,000. The highest and best use of