14 Del. C. § 5112: Endowment fund.

The college fund, created by resolution of the General Assembly of January 28, 1824, and transferred by Act of February 5, 1833, to “The Trustees of Newark College,” and all other funds, stock, money or property belonging to or appropriated for, or raised, paid or payable to the University of Delaware, by that or any other name, or to any of its predecessors, shall be a part of the endowment of the University, and shall be held, appropriated and used as such by the University.