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 Highest and best use Highest and best use, or highest or best use (HBU), is a concept that originated with early economists such as Irving Fisher (1867-1947), who conceptualized the idea of maximum productivity. One of the earliest citations of the term is found in the Minutes of the Maine Legislature as early as 1831 in speaking about the assessment and valuation of real estate: "..."the land was classified preceding such change of use, had such real estate been assessed at its highest and best use"..." It is the concept in real estate appraisal that shows how the highest value